Boston Partners Purchases New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Boston Partners bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 28,248 shares of the e-commerce giant's stock, valued at approximately $6,197,000.

Several other hedge funds have also made changes to their positions in the business. Accordant Advisory Group Inc lifted its holdings in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares during the period. Compass Planning Associates Inc purchased a new position in Amazon.com in the fourth quarter valued at about $51,000. Quattro Financial Advisors LLC lifted its position in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $54,000. Finally, Iron Horse Wealth Management LLC grew its holdings in shares of Amazon.com by 64.4% in the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock worth $63,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Maxim Group boosted their target price on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada upped their price target on shares of Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Morgan Stanley cut their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $248.96.

Amazon.com Stock Up 3.3 %

Shares of NASDAQ:AMZN traded up $5.56 on Tuesday, reaching $172.88. The company had a trading volume of 32,934,875 shares, compared to its average volume of 41,724,308. 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 stock has a market capitalization of $1.83 trillion, a P/E ratio of 31.31, a P/E/G ratio of 1.50 and a beta of 1.39. The stock has a 50-day moving average price of $197.21 and a 200 day moving average price of $208.09. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

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, beating 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 EPS for the current year.

Insider Activity

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company's stock, valued at $10,933,860. This represents a 22.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by insiders.

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.