Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Longbow Finance SA

Longbow Finance SA boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,300 shares of the e-commerce giant's stock after acquiring an additional 20,456 shares during the quarter. Amazon.com accounts for about 3.1% of Longbow Finance SA's investment portfolio, making the stock its 7th largest holding. Longbow Finance SA's holdings in Amazon.com were worth $28,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Parnassus Investments LLC boosted its position in shares of Amazon.com by 82,457.3% in the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock worth $2,125,148,000 after purchasing an additional 11,391,479 shares during the period. State Street Corp increased its holdings in shares of Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after buying an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after buying an additional 6,545,944 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of Amazon.com by 23,742.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant's stock valued at $1,119,463,000 after acquiring an additional 5,081,217 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Amazon.com in the third quarter worth about $492,144,000. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AMZN shares. Stifel Nicolaus lifted their target price on Amazon.com from $245.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Scotiabank upped their target price on Amazon.com from $246.00 to $306.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. Barclays boosted their price target on Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company dropped their target price on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 25th. 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 stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.11.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 in the last ninety days. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN traded down $2.46 during mid-day trading on Monday, hitting $190.26. 63,479,318 shares of the company's stock were exchanged, compared to its average volume of 39,927,750. The business's 50 day moving average is $216.15 and its two-hundred day moving average is $209.27. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.02 trillion, a P/E ratio of 34.41, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data 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%. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share 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.