Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Marco Investment Management LLC

Marco Investment Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 33.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,752 shares of the e-commerce giant's stock after buying an additional 5,214 shares during the quarter. Marco Investment Management LLC's holdings in Amazon.com were worth $4,553,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Accordant Advisory Group Inc boosted its position in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Compass Planning Associates Inc purchased a new stake in Amazon.com during the fourth quarter valued at $51,000. Quattro Financial Advisors LLC lifted its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the last quarter. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter worth $54,000. Finally, Iron Horse Wealth Management LLC increased its holdings in shares of Amazon.com by 64.4% in the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock worth $63,000 after buying an additional 112 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's 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 sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 in the last ninety days. 10.80% of the stock is owned by insiders.

Amazon.com Stock Up 2.0 %

Shares of NASDAQ:AMZN traded up $3.65 during trading on Friday, reaching $184.87. The stock had a trading volume of 50,532,441 shares, compared to its average volume of 41,591,929. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.96 trillion, a P/E ratio of 33.43, a PEG ratio of 1.50 and a beta of 1.39. The firm's 50-day simple moving average is $204.23 and its 200 day simple moving average is $208.42. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on AMZN. Stifel Nicolaus increased their price target on shares of Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a report on Friday, February 7th. TD Cowen raised their price objective on Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. UBS Group boosted their target price on Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Oppenheimer raised their price target on Amazon.com from $230.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Westpark Capital began coverage on shares of Amazon.com in a research report on Tuesday, April 1st. They set a "buy" rating and a $280.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $258.19.

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.