Diamond Hill Capital Management Inc. Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Diamond Hill Capital Management Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,754,538 shares of the e-commerce giant's stock after buying an additional 300,412 shares during the period. Amazon.com accounts for about 2.1% of Diamond Hill Capital Management Inc.'s portfolio, making the stock its 11th largest position. Diamond Hill Capital Management Inc.'s holdings in Amazon.com were worth $513,253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Legal & General Group Plc raised its stake in Amazon.com by 1.5% in the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock valued at $13,466,933,000 after buying an additional 1,042,177 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Amazon.com by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock valued at $13,091,909,000 after acquiring an additional 289,532 shares in the last quarter. Ameriprise Financial Inc. boosted 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 worth $7,917,906,000 after purchasing an additional 1,329,150 shares in the last quarter. International Assets Investment Management LLC grew its position in Amazon.com by 20,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock worth $72,921,080,000 after purchasing an additional 38,949,065 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Amazon.com by 1.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 31,883,977 shares of the e-commerce giant's stock valued at $6,161,579,000 after purchasing an additional 464,938 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMZN. JMP Securities reissued a "market outperform" rating and set a $285.00 price objective on shares of Amazon.com in a report on Monday, December 16th. Needham & Company LLC reissued a "buy" rating and issued a $250.00 price objective on shares of Amazon.com in a report on Tuesday, December 10th. Bank of America lifted their target price on Amazon.com from $210.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Evercore ISI increased their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, Benchmark lifted their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $243.00.

Amazon.com Price Performance

AMZN traded up $1.63 on Friday, reaching $224.92. 87,060,734 shares of the company's stock were exchanged, compared to its average volume of 41,415,395. The stock has a market cap of $2.37 trillion, a PE ratio of 48.16, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The stock's fifty day moving average price is $205.83 and its 200-day moving average price is $191.38.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. During the same period in the previous year, the firm posted $0.85 EPS. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now owns 99,396 shares of the company's stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,034,534 shares of company stock worth $1,253,883,872 in the last three months. 10.80% of the stock is owned by corporate 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.