Raab & Moskowitz Asset Management LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,463 shares of the e-commerce giant's stock after purchasing an additional 4,511 shares during the quarter. Amazon.com makes up about 2.2% of Raab & Moskowitz Asset Management LLC's investment portfolio, making the stock its 11th largest holding. Raab & Moskowitz Asset Management LLC's holdings in Amazon.com were worth $8,877,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. International Assets Investment Management LLC increased its position in Amazon.com by 20,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock valued at $72,921,080,000 after buying an additional 38,949,065 shares in the last quarter. Parnassus Investments LLC increased its position in Amazon.com by 82,457.3% during the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock valued at $2,125,148,000 after buying an additional 11,391,479 shares in the last quarter. State Street Corp increased its position in Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after buying an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC increased its position in Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after buying an additional 6,545,944 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased its position in Amazon.com by 23,742.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant's stock valued at $1,119,463,000 after buying an additional 5,081,217 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.
Amazon.com Trading Up 1.1 %
Shares of AMZN stock opened at $196.59 on Wednesday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. 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 stock's 50-day moving average price is $223.12 and its 200-day moving average price is $207.25. The stock has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.
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, topping 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%. Equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Insider Transactions at Amazon.com
In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $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. Over the last three months, insiders have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of research firms recently weighed in on AMZN. Wells Fargo & Company reduced their price objective on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Loop Capital raised their price objective on Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group lifted their target price on Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Mizuho lifted their target price on Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Finally, Benchmark lifted their target price on Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $260.65.
View Our Latest Analysis on AMZN
About Amazon.com
(
Free Report)
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.
See Also
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