Bowen Hanes & Co. Inc. Buys 25,614 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bowen Hanes & Co. Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,357 shares of the e-commerce giant's stock after purchasing an additional 25,614 shares during the quarter. Amazon.com makes up approximately 1.9% of Bowen Hanes & Co. Inc.'s holdings, making the stock its 18th largest holding. Bowen Hanes & Co. Inc.'s holdings in Amazon.com were worth $72,696,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LFA Lugano Financial Advisors SA boosted its holdings in Amazon.com by 2.0% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 11,783 shares of the e-commerce giant's stock valued at $2,585,000 after acquiring an additional 229 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Amazon.com by 2.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 5,285,747 shares of the e-commerce giant's stock valued at $1,169,736,000 after purchasing an additional 121,059 shares in the last quarter. Erste Asset Management GmbH increased its position in shares of Amazon.com by 6.2% during the fourth quarter. Erste Asset Management GmbH now owns 536,655 shares of the e-commerce giant's stock valued at $107,396,000 after buying an additional 31,490 shares during the period. Tredje AP fonden raised its stake in Amazon.com by 16.1% in the fourth quarter. Tredje AP fonden now owns 2,459,162 shares of the e-commerce giant's stock worth $539,516,000 after buying an additional 340,163 shares in the last quarter. Finally, Mascoma Wealth Management LLC lifted its holdings in Amazon.com by 5.7% in the fourth quarter. Mascoma Wealth Management LLC now owns 6,776 shares of the e-commerce giant's stock worth $1,487,000 after buying an additional 364 shares during the period. Institutional investors own 72.20% of the company's stock.

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Analyst Ratings Changes

A number of research firms have weighed in on AMZN. Raymond James upped their target price on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Barclays lifted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Morgan Stanley cut their price target on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday. Loop Capital lifted their price objective on Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada increased their target price on Amazon.com from $255.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $252.73.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares of the company's stock, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock valued at $23,341,803 in the last 90 days. Company insiders own 10.80% of the company's stock.

Amazon.com Trading Down 3.6 %

Shares of NASDAQ:AMZN traded down $6.51 during trading hours on Wednesday, hitting $173.08. 29,202,868 shares of the company's stock traded hands, compared to its average volume of 41,568,664. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The business has a fifty day moving average price of $201.96 and a 200-day moving average price of $208.30. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market capitalization of $1.83 trillion, a P/E ratio of 31.30, a price-to-earnings-growth 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 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%. Equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.