Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by Quilter Plc

Quilter Plc increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,663,526 shares of the e-commerce giant's stock after buying an additional 14,330 shares during the quarter. Amazon.com comprises approximately 7.2% of Quilter Plc's investment portfolio, making the stock its 2nd biggest holding. Quilter Plc's holdings in Amazon.com were worth $364,961,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Accordant Advisory Group Inc lifted its stake in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares during the period. Icon Wealth Advisors LLC raised its holdings in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after purchasing an additional 25,581 shares during the last quarter. Hoese & Co LLP purchased a new stake in Amazon.com in the third quarter valued at $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com in the third quarter valued at $45,000. Finally, Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 1.1 %

Shares of NASDAQ AMZN traded up $2.05 during midday trading on Tuesday, reaching $196.59. 52,319,970 shares of the stock were exchanged, compared to its average volume of 39,196,863. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 35.55, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a 50 day simple moving average of $223.57 and a 200 day simple moving average of $207.12. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

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Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) 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%. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on AMZN shares. JPMorgan Chase & Co. upped their target price on Amazon.com from $250.00 to $280.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Benchmark upped their price objective on Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Wolfe Research lifted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Wedbush reiterated an "outperform" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Finally, Sanford C. Bernstein raised their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $260.65.

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.