Amazon.com, Inc. (NASDAQ:AMZN) is Norden Group LLC's 6th Largest Position

Norden Group LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,471 shares of the e-commerce giant's stock after selling 10,091 shares during the period. Amazon.com makes up about 2.4% of Norden Group LLC's investment portfolio, making the stock its 6th largest position. Norden Group LLC's holdings in Amazon.com were worth $21,384,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AMZN. Proficio Capital Partners LLC lifted its stake in shares of Amazon.com by 17,054.5% in the 4th 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 purchasing an additional 12,018,120 shares during the last quarter. Parnassus Investments LLC raised its holdings in Amazon.com by 82,457.3% during 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 buying an additional 11,391,479 shares during the period. State Street Corp lifted its position in Amazon.com by 3.3% in the third 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 boosted its stake in Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock worth $37,116,341,000 after buying an additional 6,545,944 shares during the period. Finally, Strategic Financial Concepts LLC increased its position in Amazon.com by 23,742.9% during the fourth 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. Hedge funds and other institutional investors own 72.20% of the company's stock.

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Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

AMZN stock traded down $7.41 during midday trading on Friday, reaching $171.00. The stock had a trading volume of 122,919,361 shares, compared to its average volume of 40,634,140. The firm has a fifty day simple moving average of $212.18 and a two-hundred day simple moving average of $209.22. 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 quick ratio of 0.87 and a current ratio of 1.06. The stock has a market cap of $1.81 trillion, a PE ratio of 30.92, a P/E/G ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. UBS Group raised their target price on shares of Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a report on Monday, December 16th. HSBC raised their price objective on shares of Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $250.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Rosenblatt Securities raised their price target on Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, JMP Securities set a $285.00 price objective on Amazon.com in a research report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.53.

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.