Amazon.com, Inc. (NASDAQ:AMZN) Holdings Boosted by Gruss & Co. LLC

Gruss & Co. LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 466.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,500 shares of the e-commerce giant's stock after purchasing an additional 7,000 shares during the quarter. Amazon.com makes up 8.0% of Gruss & Co. LLC's holdings, making the stock its 4th largest position. Gruss & Co. LLC's holdings in Amazon.com were worth $1,865,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Rench Wealth Management Inc. grew its stake in Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after acquiring an additional 3,703 shares during the period. Blankinship & Foster LLC lifted its holdings in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after purchasing an additional 4,740 shares in the last quarter. Umpqua Bank grew its position in shares of Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock valued at $6,544,000 after purchasing an additional 137 shares during the period. One Wealth Capital Management LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth about $4,270,000. Finally, Floyd Financial Group LLC acquired a new position in shares of Amazon.com during the 4th quarter worth about $4,494,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. Insiders own 10.80% of the company's stock.

Amazon.com Stock Down 4.2 %

AMZN traded down $7.41 on Friday, hitting $171.00. 121,066,781 shares of the company were exchanged, compared to its average volume of 40,644,703. The firm has a 50-day moving average price of $213.46 and a two-hundred day moving average price of $209.01. 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, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market cap of $1.81 trillion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

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, topping 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%. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AMZN shares. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. The Goldman Sachs Group lifted their price target on Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Wolfe Research boosted their price target on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Citigroup restated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Finally, Barclays lifted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $260.53.

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.