Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lifted by Concord Asset Management LLC VA

Concord Asset Management LLC VA lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,201 shares of the e-commerce giant's stock after buying an additional 4,031 shares during the quarter. Amazon.com makes up about 2.0% of Concord Asset Management LLC VA's holdings, making the stock its 15th largest position. Concord Asset Management LLC VA's holdings in Amazon.com were worth $9,039,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. Fiera Capital Corp raised its stake in shares of Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant's stock worth $77,515,000 after buying an additional 44,615 shares during the last quarter. Beck Bode LLC acquired a new position in Amazon.com in the 2nd quarter valued at about $651,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Amazon.com in the 2nd quarter valued at about $3,243,000. Ameriprise Financial Inc. raised its stake in Amazon.com by 3.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant's stock valued at $7,917,906,000 after purchasing an additional 1,329,150 shares during the last quarter. Finally, Employees Retirement System of Texas grew its holdings in Amazon.com by 1.6% in the 2nd quarter. Employees Retirement System of Texas now owns 1,843,015 shares of the e-commerce giant's stock valued at $356,163,000 after buying an additional 29,308 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on AMZN. Robert W. Baird lifted their price target on Amazon.com from $220.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, December 13th. HSBC lifted their price target on Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a report on Monday, January 13th. Morgan Stanley lifted their price target on Amazon.com from $230.00 to $280.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Roth Mkm lifted their price target on Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a report on Monday, December 9th. Finally, Oppenheimer boosted their target price on Amazon.com from $230.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $260.74.

Amazon.com Stock Down 2.8 %

Shares of AMZN traded down $6.30 during trading on Friday, reaching $216.58. The company's stock had a trading volume of 55,147,843 shares, compared to its average volume of 35,339,464. The company has a fifty day moving average of $227.88 and a two-hundred day moving average of $204.26. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market cap of $2.30 trillion, a price-to-earnings ratio of 39.16, a P/E/G ratio of 1.54 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.06 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%. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,852 shares of company stock valued at $9,324,151. Corporate insiders own 10.80% of the company's stock.

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.