Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Gruss & Co. LLC

Gruss & Co. LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 466.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,500 shares of the e-commerce giant's stock after buying an additional 7,000 shares during the period. 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 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. AMF Tjanstepension AB boosted its stake in shares of Amazon.com by 44.3% during the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant's stock worth $492,172,000 after acquiring an additional 811,425 shares in the last quarter. Swedbank AB boosted its position in shares of Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock valued at $2,484,864,000 after purchasing an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC purchased a new position in Amazon.com in the 3rd quarter worth about $279,000. Howard Capital Management Group LLC raised its holdings in Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after buying an additional 897 shares during the period. Finally, Meridian Management Co. lifted its stake in Amazon.com by 27.6% during the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock valued at $6,235,000 after buying an additional 7,246 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a report on Monday, December 16th. Royal Bank of Canada boosted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Piper Sandler reaffirmed an "overweight" rating and issued a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Cantor Fitzgerald reissued an "overweight" rating and set a $270.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, Maxim Group raised their price objective on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research report 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $260.53.

Insider Activity at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com 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 $10,933,860. The trade was a 22.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th. The shares were 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 approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock worth $23,341,803 over the last three months. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $7.41 during midday trading on Friday, hitting $171.00. The company had a trading volume of 122,919,361 shares, compared to its average volume of 40,634,140. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business's 50 day simple moving average is $212.18 and its two-hundred day simple moving average is $209.22. The stock has a market cap of $1.81 trillion, a PE ratio of 30.92, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

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, topping 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%. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.