Erste Asset Management GmbH Acquires 31,490 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Erste Asset Management GmbH raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 536,655 shares of the e-commerce giant's stock after buying an additional 31,490 shares during the period. Amazon.com makes up about 1.3% of Erste Asset Management GmbH's investment portfolio, making the stock its 11th largest holding. Erste Asset Management GmbH's holdings in Amazon.com were worth $107,396,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Accordant Advisory Group Inc increased its position in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC boosted its holdings in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after purchasing an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC raised its holdings in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares in the last quarter. Compass Planning Associates Inc acquired a new position in shares of Amazon.com during the 4th quarter valued at about $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in Amazon.com in the 4th quarter worth approximately $54,000. Institutional investors own 72.20% of the company's stock.

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Amazon.com Price Performance

AMZN traded down $2.53 during trading on Tuesday, reaching $179.59. 43,239,677 shares of the company were exchanged, compared to its average volume of 41,637,411. 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 company has a market cap of $1.90 trillion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company's 50-day moving average is $203.14 and its two-hundred day moving average is $208.50.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 net margin of 9.29% and a return on equity of 24.25%. Research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Maxim Group upped their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Citigroup dropped their price target on Amazon.com from $273.00 to $225.00 and set a "buy" rating on the stock in a research report on Monday. Jefferies Financial Group reduced their price objective on Amazon.com from $275.00 to $250.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Tigress Financial upped their target price on shares of Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Finally, Raymond James raised their price target on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $253.56.

Insider Activity at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,620 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $10,933,860. This trade represents a 22.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 owns 497,067 shares of the company's stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,798 shares of company stock valued at $23,341,803. Company 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.