TCW Group Inc. Has $521.37 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

TCW Group Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,376,450 shares of the e-commerce giant's stock after purchasing an additional 17,827 shares during the quarter. Amazon.com makes up 4.4% of TCW Group Inc.'s holdings, making the stock its 3rd biggest holding. TCW Group Inc.'s holdings in Amazon.com were worth $521,369,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Accordant Advisory Group Inc lifted its stake in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares during the period. Compass Planning Associates Inc acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $51,000. Quattro Financial Advisors LLC boosted its stake in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the last quarter. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the third quarter worth $45,000. Finally, Iron Horse Wealth Management LLC raised its stake in Amazon.com by 64.4% during the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock worth $63,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Remove Ads

Insider Activity

In other news, VP Shelley Reynolds sold 8,833 shares of the business'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 value of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 in the last three months. Corporate insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $250.00 price target on shares of Amazon.com in a report on Friday, February 7th. Barclays upped their target price on Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Oppenheimer lifted their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. JMP Securities reiterated a "market outperform" rating and set a $285.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Finally, Wolfe Research raised their price target on shares of Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $260.65.

Amazon.com Stock Performance

Shares of AMZN traded up $2.45 during trading hours on Tuesday, hitting $205.71. The company's stock had a trading volume of 31,105,980 shares, compared to its average volume of 38,443,934. The business has a 50 day simple moving average of $218.60 and a two-hundred day simple moving average of $208.62. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.20, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share 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.