Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by BIT Capital GmbH

BIT Capital GmbH raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 165.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 299,090 shares of the e-commerce giant's stock after purchasing an additional 186,328 shares during the quarter. Amazon.com comprises 5.2% of BIT Capital GmbH's investment portfolio, making the stock its 6th biggest position. BIT Capital GmbH's holdings in Amazon.com were worth $65,617,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the period. Proficio Capital Partners LLC increased its position in shares of Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares during the last quarter. Parnassus Investments LLC raised its stake in shares of Amazon.com by 82,457.3% in the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock valued at $2,125,148,000 after acquiring an additional 11,391,479 shares during the period. State Street Corp lifted 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 acquiring an additional 11,370,309 shares during the last quarter. Finally, Geode Capital Management LLC boosted 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 worth $37,116,341,000 after purchasing an additional 6,545,944 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMZN. Citigroup cut their target price on Amazon.com from $273.00 to $225.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Benchmark boosted their price objective on Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Telsey Advisory Group lowered their target price on Amazon.com from $275.00 to $235.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Westpark Capital started coverage on shares of Amazon.com in a research note on Tuesday, April 1st. They set a "buy" rating and a $280.00 price target on the stock. Finally, Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $247.56.

Amazon.com Stock Up 1.3 %

AMZN opened at $188.99 on Monday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The business has a 50 day moving average price of $193.52 and a two-hundred day moving average price of $208.05. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.00 trillion, a PE ratio of 34.18, a P/E/G ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 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, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company's stock.

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.

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