Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by LGT Group Foundation

LGT Group Foundation increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,668,520 shares of the e-commerce giant's stock after purchasing an additional 44,045 shares during the quarter. Amazon.com accounts for 5.7% of LGT Group Foundation's holdings, making the stock its 3rd biggest holding. LGT Group Foundation's holdings in Amazon.com were worth $366,057,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Cable Hill Partners LLC grew its stake in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after acquiring an additional 44 shares during the last quarter. Quattro Financial Advisors LLC boosted its stake in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares in the last quarter. White Wing Wealth Management grew its position in Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after purchasing an additional 47 shares during the last quarter. MBM Wealth Consultants LLC increased its stake in Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after purchasing an additional 48 shares in the last quarter. Finally, Semus Wealth Partners LLC raised its holdings in shares of Amazon.com by 0.3% in the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock worth $3,339,000 after buying an additional 49 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

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Amazon.com Price Performance

Shares of AMZN stock traded down $7.41 during trading hours on Friday, reaching $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 12-month low of $151.61 and a 12-month high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market capitalization of $1.81 trillion, a price-to-earnings ratio of 30.92, a PEG ratio of 1.50 and a beta of 1.39. The stock has a fifty day moving average of $212.18 and a 200-day moving average of $209.22.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. Telsey Advisory Group reissued an "outperform" rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Rosenblatt Securities boosted their price target on Amazon.com from $236.00 to $287.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Westpark Capital initiated coverage on Amazon.com in a research report on Tuesday, April 1st. They issued a "buy" rating and a $280.00 target price on the stock. Finally, Loop Capital lifted their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $260.53.

Insider Buying and Selling

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $10,933,860. This represents a 22.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, 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 ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company's stock.

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.