Caprock Group LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Caprock Group LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 301,300 shares of the e-commerce giant's stock after purchasing an additional 13,760 shares during the quarter. Amazon.com makes up 2.2% of Caprock Group LLC's investment portfolio, making the stock its 6th largest holding. Caprock Group LLC's holdings in Amazon.com were worth $66,102,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. State Street Corp lifted its holdings in shares of Amazon.com by 3.3% during 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 lifted its holdings in shares of 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 last quarter. Legal & General Group Plc lifted its holdings in shares of Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock worth $13,466,933,000 after buying an additional 1,042,177 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Amazon.com by 3.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant's stock worth $10,776,201,000 after buying an additional 1,984,592 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Amazon.com by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant's stock worth $10,678,217,000 after buying an additional 1,980,663 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 2.8 %

Amazon.com stock traded down $6.30 during mid-day trading on Friday, hitting $216.58. The stock had a trading volume of 55,147,843 shares, compared to its average volume of 35,339,464. The stock has a 50-day simple moving average of $227.88 and a two-hundred day simple moving average of $204.26. The stock has a market capitalization of $2.30 trillion, a PE ratio of 39.16, a P/E/G ratio of 1.54 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (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%. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,501 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,852 shares of company stock worth $9,324,151 over the last 90 days. Insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research analyst reports. HSBC upped their price target on Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upped their price target on Amazon.com from $225.00 to $232.00 and gave the stock a "buy" rating in a report on Friday, November 1st. DA Davidson upped their price target on Amazon.com from $235.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, February 7th. JMP Securities restated a "market outperform" rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Finally, Mizuho boosted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $260.74.

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.