GAMMA Investing LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

GAMMA Investing LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,541 shares of the e-commerce giant's stock after purchasing an additional 21,336 shares during the quarter. Amazon.com accounts for approximately 2.6% of GAMMA Investing LLC's portfolio, making the stock its 4th largest holding. GAMMA Investing LLC's holdings in Amazon.com were worth $30,833,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc boosted its position in Amazon.com by 39.2% during the 4th quarter. Versant Capital Management Inc now owns 12,301 shares of the e-commerce giant's stock worth $2,699,000 after purchasing an additional 3,466 shares during the period. First Financial Bank Trust Division lifted its stake in shares of Amazon.com by 126.7% during the fourth quarter. First Financial Bank Trust Division now owns 45,877 shares of the e-commerce giant's stock worth $10,065,000 after purchasing an additional 25,644 shares in the last quarter. Trust Co of the South boosted its position in shares of Amazon.com by 25.9% in the fourth quarter. Trust Co of the South now owns 14,741 shares of the e-commerce giant's stock worth $3,234,000 after buying an additional 3,028 shares during the period. Global Wealth Strategies & Associates grew its stake in shares of Amazon.com by 25.7% in the fourth quarter. Global Wealth Strategies & Associates now owns 5,164 shares of the e-commerce giant's stock valued at $1,133,000 after buying an additional 1,055 shares in the last quarter. Finally, Old Port Advisors raised its holdings in shares of Amazon.com by 2.2% during the 4th quarter. Old Port Advisors now owns 7,945 shares of the e-commerce giant's stock valued at $1,743,000 after buying an additional 171 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 2.4 %

Shares of Amazon.com stock traded up $5.28 on Friday, reaching $225.94. 42,097,354 shares of the company were exchanged, compared to its average volume of 27,997,364. The stock has a fifty day moving average price of $217.91 and a 200-day moving average price of $196.28. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $233.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the business posted $0.85 EPS. The company's revenue was up 11.0% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 5.38 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AMZN shares. Monness Crespi & Hardt upped their price target on Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Bank of America upped their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. Telsey Advisory Group upped their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Benchmark lifted their target price on Amazon.com from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $245.65.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares of the company's stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now owns 24,912 shares of the company's stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Corporate insiders own 10.80% of the company's stock.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.