Hansen & Associates Financial Group Inc. Acquires New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Hansen & Associates Financial Group Inc. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 31,579 shares of the e-commerce giant's stock, valued at approximately $7,066,000. Amazon.com comprises 3.6% of Hansen & Associates Financial Group Inc.'s portfolio, making the stock its 7th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its position in Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after acquiring an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after buying an additional 6,545,944 shares during the last quarter. Legal & General Group Plc raised its position in shares of Amazon.com by 1.5% during 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Amazon.com by 3.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant's stock valued at $10,776,201,000 after buying an additional 1,984,592 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Amazon.com by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant's stock valued at $10,678,217,000 after buying an additional 1,980,663 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMZN shares. Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Royal Bank of Canada upped their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Scotiabank upped their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the company a "sector outperform" rating in a research report on Friday, January 24th. Wolfe Research upped 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, JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $260.74.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,852 shares of company stock worth $9,324,151. Company insiders own 10.80% of the company's stock.

Amazon.com Trading Down 2.8 %

NASDAQ AMZN traded down $6.30 during trading hours on Friday, hitting $216.58. The company's stock had a trading volume of 55,147,843 shares, compared to its average volume of 35,339,464. The stock has a fifty day moving average of $227.88 and a 200 day moving average of $203.96. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market capitalization of $2.30 trillion, a P/E ratio of 39.16, a PEG ratio of 1.54 and a beta of 1.15. 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 (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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%. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

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.