Nicola Wealth Management LTD. Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Nicola Wealth Management LTD. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 40.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,000 shares of the e-commerce giant's stock after acquiring an additional 27,000 shares during the quarter. Amazon.com makes up 2.1% of Nicola Wealth Management LTD.'s investment portfolio, making the stock its 16th biggest holding. Nicola Wealth Management LTD.'s holdings in Amazon.com were worth $20,403,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. AMF Tjanstepension AB increased its position in Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant's stock worth $492,172,000 after buying an additional 811,425 shares during the period. Swedbank AB grew its position in shares of 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 last quarter. Sassicaia Capital Advisers LLC purchased a new position in shares of Amazon.com during the third quarter worth approximately $279,000. Howard Capital Management Group LLC increased its holdings in shares of Amazon.com by 0.3% in the 3rd 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. raised 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 valued at $6,235,000 after purchasing an additional 7,246 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

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Amazon.com Price Performance

AMZN stock traded down $7.41 during trading on Friday, hitting $171.00. The stock had a trading volume of 122,919,361 shares, compared to its average volume of 40,641,072. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock has a market cap of $1.81 trillion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company's 50 day moving average price is $212.18 and its two-hundred day moving average price is $208.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent research reports. Phillip Securities lowered shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Wolfe Research raised their price target on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Benchmark upped their price objective on Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Citigroup reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Finally, Westpark Capital began coverage on Amazon.com in a research note on Tuesday. They set a "buy" rating and a $280.00 price target for the company. Two 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $260.53.

Insiders Place Their Bets

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 directly owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 in the last quarter. 10.80% of the stock is currently owned by company insiders.

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.