Bailard Inc. Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bailard Inc. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,904 shares of the e-commerce giant's stock after buying an additional 1,745 shares during the quarter. Amazon.com makes up approximately 1.5% of Bailard Inc.'s portfolio, making the stock its 14th largest holding. Bailard Inc.'s holdings in Amazon.com were worth $58,775,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its stake in shares of Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after buying an additional 12,018,120 shares in the last quarter. Parnassus Investments LLC grew 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 valued at $2,125,148,000 after purchasing an additional 11,391,479 shares in the last quarter. State Street Corp grew its position in shares of 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 valued at $66,926,008,000 after purchasing an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC lifted its position 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 in the last quarter. Finally, Strategic Financial Concepts LLC boosted its stake 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 worth $1,119,463,000 after buying an additional 5,081,217 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

AMZN has been the topic of several analyst reports. The Goldman Sachs Group lifted their price target on Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $270.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Telsey Advisory Group restated an "outperform" rating and set a $275.00 price target on shares of Amazon.com in a report on Friday, February 7th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $265.00 price objective (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $260.53.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the business'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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Down 4.2 %

Shares of AMZN stock traded down $7.41 on Friday, reaching $171.00. 122,919,361 shares of the stock were exchanged, compared to its average volume of 40,634,140. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. 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 company has a market capitalization of $1.81 trillion, a price-to-earnings ratio of 30.92, a PEG ratio of 1.50 and a beta of 1.39. The business's 50 day moving average price is $212.18 and its 200 day moving average price is $209.22.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts' consensus estimates 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, sell-side 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.