Westfield Capital Management Co. LP Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Westfield Capital Management Co. LP boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,459,936 shares of the e-commerce giant's stock after acquiring an additional 180,130 shares during the quarter. Amazon.com accounts for about 2.9% of Westfield Capital Management Co. LP's investment portfolio, making the stock its 5th biggest position. Westfield Capital Management Co. LP's holdings in Amazon.com were worth $644,690,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Semus Wealth Partners LLC boosted its holdings in Amazon.com by 0.3% in the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock worth $3,339,000 after acquiring an additional 49 shares in the last quarter. Meridian Investment Counsel Inc. raised its position in shares of Amazon.com by 1.8% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant's stock worth $594,000 after purchasing an additional 55 shares during the last quarter. O Connor Financial Group LLC boosted its stake in Amazon.com by 2.2% in the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock worth $473,000 after purchasing an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC grew its position in Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock valued at $1,396,000 after purchasing an additional 55 shares during the last quarter. Finally, Cedar Point Capital Partners LLC increased its stake in Amazon.com by 4.4% during the 3rd quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant's stock valued at $247,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In related news, Director Jonathan Rubinstein sold 5,004 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Oppenheimer increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Moffett Nathanson lifted their target price on Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Telsey Advisory Group boosted their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Evercore ISI raised their target price on Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Finally, DA Davidson reissued a "buy" rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $243.44.

Amazon.com Trading Up 1.8 %

NASDAQ AMZN traded up $3.97 during trading on Friday, hitting $224.19. The stock had a trading volume of 27,473,934 shares, compared to its average volume of 30,715,217. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. The stock has a 50 day simple moving average of $213.07 and a 200 day simple moving average of $194.21. The stock has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 48.01, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Amazon.com Company 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.