Silphium Asset Management Ltd Buys 1,584 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Silphium Asset Management Ltd grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,659 shares of the e-commerce giant's stock after purchasing an additional 1,584 shares during the quarter. Amazon.com makes up about 1.9% of Silphium Asset Management Ltd's portfolio, making the stock its 17th largest position. Silphium Asset Management Ltd's holdings in Amazon.com were worth $5,629,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. AMF Tjanstepension AB lifted its stake in shares of Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant's stock valued at $492,172,000 after purchasing an additional 811,425 shares during the period. Swedbank AB lifted its stake in Amazon.com by 1.4% in the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock valued at $2,484,864,000 after buying an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC acquired a new position in Amazon.com in the third quarter valued at approximately $279,000. Howard Capital Management Group LLC boosted its holdings in shares of Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after buying an additional 897 shares in the last quarter. Finally, Meridian Management Co. grew its position in shares of Amazon.com by 27.6% during the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock worth $6,235,000 after buying an additional 7,246 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their position. The sale 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 company's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. The trade was 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 over the last ninety days. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Amazon.com stock traded down $17.60 during mid-day trading on Thursday, reaching $178.41. The company's stock had a trading volume of 95,296,225 shares, compared to its average volume of 40,316,435. The firm's fifty day moving average price is $214.60 and its two-hundred day moving average price is $209.22. 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, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market capitalization of $1.89 trillion, a P/E ratio of 32.26, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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%. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AMZN shares. Scotiabank increased their target price on shares of Amazon.com from $246.00 to $306.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. Morgan Stanley increased their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Sanford C. Bernstein boosted their target price on Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. Loop Capital increased their price target on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $260.53.

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.