Amazon.com, Inc. (NASDAQ:AMZN) Holdings Increased by Milestone Resources Group Ltd

Milestone Resources Group Ltd grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,382,655 shares of the e-commerce giant's stock after acquiring an additional 198,739 shares during the period. Amazon.com accounts for approximately 10.0% of Milestone Resources Group Ltd's investment portfolio, making the stock its 3rd biggest position. Milestone Resources Group Ltd's holdings in Amazon.com were worth $303,341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Kazazian Asset Management LLC bought a new stake in shares of Amazon.com in the fourth quarter worth $8,687,000. Generali Investments Management Co LLC bought a new stake in Amazon.com in the fourth quarter valued at approximately $24,388,000. Richmond Brothers Inc. bought a new position in Amazon.com during the 4th quarter worth approximately $209,000. GM Advisory Group LLC lifted its position in shares of Amazon.com by 0.6% in the 4th quarter. GM Advisory Group LLC now owns 94,449 shares of the e-commerce giant's stock worth $20,721,000 after purchasing an additional 540 shares during the period. Finally, GCQ FUNDS MANAGEMENT PTY Ltd bought a new position in shares of Amazon.com during the 4th quarter worth approximately $48,646,000. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were 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 approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares of the company's stock, valued at $10,864,125. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company's stock.

Amazon.com Price Performance

AMZN stock traded up $4.10 during mid-day trading on Thursday, hitting $184.70. The company had a trading volume of 13,189,772 shares, compared to its average volume of 41,826,105. The company has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 33.38, a P/E/G ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. 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 50-day moving average price of $195.11 and a 200 day moving average price of $207.66.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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 net margin of 9.29% and a return on equity of 24.25%. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMZN. Loop Capital raised their price target on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. HSBC raised their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. The Goldman Sachs Group reduced their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Barclays raised their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $247.56.

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.