NEOS Investment Management LLC Buys 181,577 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

NEOS Investment Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 30.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 776,658 shares of the e-commerce giant's stock after buying an additional 181,577 shares during the period. Amazon.com makes up approximately 4.0% of NEOS Investment Management LLC's holdings, making the stock its 4th largest holding. NEOS Investment Management LLC's holdings in Amazon.com were worth $170,391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. State Street Corp boosted its position in shares of Amazon.com by 3.3% in 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 buying an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock worth $37,116,341,000 after buying an additional 6,545,944 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Amazon.com by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant's stock valued at $14,719,407,000 after acquiring an additional 545,292 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Amazon.com by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,638,207 shares of the e-commerce giant's stock valued at $13,084,026,000 after acquiring an additional 2,330,113 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMZN. Jefferies Financial Group reduced their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus reduced their target price on Amazon.com from $275.00 to $248.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Benchmark raised their price target on Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price objective on Amazon.com from $270.00 to $220.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley dropped their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $247.56.

Amazon.com Stock Performance

Amazon.com stock opened at $188.99 on Monday. 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 current ratio of 1.06 and a quick ratio of 0.87. The company has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The firm's fifty day moving average price is $193.52 and its 200 day moving average price is $208.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts' consensus estimates 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, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Company 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.

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