Marest Capital LLC Has $907,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Marest Capital LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 61.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,136 shares of the e-commerce giant's stock after buying an additional 1,577 shares during the quarter. Amazon.com makes up approximately 0.7% of Marest Capital LLC's holdings, making the stock its 10th largest holding. Marest Capital LLC's holdings in Amazon.com were worth $907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mediolanum International Funds Ltd grew its holdings in Amazon.com by 36.8% in the 4th quarter. Mediolanum International Funds Ltd now owns 1,018,962 shares of the e-commerce giant's stock valued at $224,942,000 after buying an additional 274,026 shares during the period. Penney Financial LLC grew its holdings in shares of Amazon.com by 6.2% during the 4th quarter. Penney Financial LLC now owns 2,759 shares of the e-commerce giant's stock worth $605,000 after purchasing an additional 160 shares during the period. Gilbert & Cook Inc. grew its holdings in shares of Amazon.com by 4.6% during the 4th quarter. Gilbert & Cook Inc. now owns 29,217 shares of the e-commerce giant's stock worth $6,410,000 after purchasing an additional 1,289 shares during the period. EMC Capital Management grew its holdings in shares of Amazon.com by 1.2% during the 4th quarter. EMC Capital Management now owns 86,735 shares of the e-commerce giant's stock worth $19,029,000 after purchasing an additional 1,000 shares during the period. Finally, Colton Groome Financial Advisors LLC grew its holdings in shares of Amazon.com by 11.3% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 4,830 shares of the e-commerce giant's stock worth $1,060,000 after purchasing an additional 489 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares of the company's stock, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,852 shares of company stock valued at $9,324,151 over the last three months. Company insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMZN. Truist Financial boosted their target price on Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, November 1st. BMO Capital Markets reiterated an "outperform" rating and set a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. JMP Securities reiterated a "market outperform" rating and set a $285.00 target price on shares of Amazon.com in a report on Friday, February 7th. Wedbush reiterated an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, February 7th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $260.74.

Amazon.com Stock Performance

NASDAQ AMZN traded down $6.30 during trading hours on Friday, hitting $216.58. The company had a trading volume of 55,147,843 shares, compared to its average volume of 35,339,464. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $227.88 and a 200-day simple moving average of $203.96. The firm has a market cap of $2.30 trillion, a P/E ratio of 39.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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.