Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,475,350 shares of the e-commerce giant's stock after acquiring an additional 21,346 shares during the period. Amazon.com accounts for approximately 2.4% of Sei Investments Co.'s portfolio, making the stock its 4th largest position. Sei Investments Co. owned approximately 0.08% of Amazon.com worth $1,859,407,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB grew its stake in shares of Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock valued at $2,484,864,000 after buying an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC purchased a new stake in shares of Amazon.com during the third quarter worth about $279,000. Howard Capital Management Group LLC raised its position in shares of Amazon.com by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after purchasing an additional 897 shares in the last quarter. Pettinga Financial Advisors LLC increased its position in shares of Amazon.com by 4.3% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant's stock worth $1,027,000 after purchasing an additional 225 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Amazon.com by 5.1% during the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after buying an additional 984,570 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on AMZN. The Goldman Sachs Group dropped their target price on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday. Wedbush reiterated an "outperform" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, February 7th. HSBC raised their target price on Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a report on Monday, January 13th. JMP Securities lowered their price objective on shares of Amazon.com from $285.00 to $240.00 and set a "market outperform" rating on the stock in a research note on Monday, April 14th. Finally, Benchmark raised their price target on shares of Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $247.56.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $2.78 during midday trading on Friday, hitting $189.32. The company's stock had a trading volume of 26,330,076 shares, compared to its average volume of 41,918,191. The firm has a market cap of $2.01 trillion, a P/E ratio of 34.30, a P/E/G ratio of 1.50 and a beta of 1.39. The firm's fifty day moving average price is $194.27 and its 200-day moving average price is $207.70. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating 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%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.