Fisher Asset Management LLC Has $9.91 Billion Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Fisher Asset Management LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,159,737 shares of the e-commerce giant's stock after buying an additional 506,166 shares during the period. Amazon.com comprises about 3.9% of Fisher Asset Management LLC's investment portfolio, making the stock its 4th biggest holding. Fisher Asset Management LLC owned approximately 0.43% of Amazon.com worth $9,907,595,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AMZN. Noesis Capital Mangement Corp boosted its position in shares of Amazon.com by 2.2% in the 4th quarter. Noesis Capital Mangement Corp now owns 9,666 shares of the e-commerce giant's stock worth $2,121,000 after purchasing an additional 205 shares in the last quarter. Conservest Capital Advisors Inc. raised its position in shares of Amazon.com by 0.8% in the 4th quarter. Conservest Capital Advisors Inc. now owns 6,651 shares of the e-commerce giant's stock worth $1,459,000 after purchasing an additional 50 shares during the last quarter. Maripau Wealth Management LLC bought a new position in Amazon.com in the 4th quarter worth about $2,003,000. Wiser Advisor Group LLC grew its position in Amazon.com by 1.8% during the 4th quarter. Wiser Advisor Group LLC now owns 12,592 shares of the e-commerce giant's stock valued at $2,763,000 after purchasing an additional 218 shares during the last quarter. Finally, Terril Brothers Inc. bought a new stake in Amazon.com during the 4th quarter valued at about $225,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

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Wall Street Analysts Forecast Growth

AMZN has been the subject of several analyst reports. Loop Capital raised their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Oppenheimer upped their price target on Amazon.com from $230.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Robert W. Baird boosted their target price on Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Wolfe Research increased their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Finally, Stifel Nicolaus increased their price target on Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $260.53.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 19,212 shares of the 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 directly owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the business'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 in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,298 shares of company stock valued at $22,871,828. Insiders own 10.80% of the company's stock.

Amazon.com Trading Up 1.0 %

Shares of AMZN traded up $1.91 on Tuesday, hitting $192.17. 41,171,347 shares of the stock traded hands, compared to its average volume of 39,975,586. The firm has a market capitalization of $2.04 trillion, a P/E ratio of 34.75, a P/E/G ratio of 1.50 and a beta of 1.19. 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, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock's 50 day moving average is $216.15 and its two-hundred day moving average is $209.27.

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 analysts' consensus estimates 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 predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.