Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 40.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,504,944 shares of the e-commerce giant's stock after purchasing an additional 434,898 shares during the period. Jones Financial Companies Lllp's holdings in Amazon.com were worth $330,170,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock worth $23,341,803 over the last 90 days. Corporate insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AMZN shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $275.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Mizuho raised their target price on Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, February 7th. HSBC boosted their price objective on Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Finally, JMP Securities set a $285.00 target price on Amazon.com in a research report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $260.53.

Amazon.com Trading Down 4.2 %

Shares of AMZN stock traded down $7.41 on Friday, hitting $171.00. The stock had a trading volume of 122,919,361 shares, compared to its average volume of 40,634,140. The company's 50 day moving average price is $212.18 and its 200-day moving average price is $209.22. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market capitalization of $1.81 trillion, a P/E 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 issued 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%. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.