3,141 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Stonehearth Capital Management LLC

Stonehearth Capital Management LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,141 shares of the e-commerce giant's stock, valued at approximately $689,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of Amazon.com by 20,897.2% in 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 grew its holdings in shares of Amazon.com by 82,457.3% during the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock worth $2,125,148,000 after purchasing an additional 11,391,479 shares during the last quarter. State Street Corp increased its position in shares of Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 valued at $37,116,341,000 after purchasing an additional 6,545,944 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its position in shares of Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock valued at $759,971,000 after purchasing an additional 3,903,889 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AMZN shares. Needham & Company LLC reiterated a "buy" rating and issued a $250.00 price objective on shares of Amazon.com in a research note on Tuesday, December 10th. Wedbush increased their price target on shares of Amazon.com from $250.00 to $260.00 and gave the stock an "outperform" rating in a research note on Monday, January 6th. Susquehanna lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a "positive" rating in a research note on Friday, November 1st. Moffett Nathanson increased their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, Telsey Advisory Group raised their price target on Amazon.com from $215.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $245.65.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the transaction, the chief executive officer now directly owns 518,911 shares of the company's stock, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Amazon.com Trading Up 2.4 %

NASDAQ AMZN traded up $5.28 during trading hours on Monday, hitting $225.94. 42,097,354 shares of the company's stock were exchanged, compared to its average volume of 27,997,364. The business's 50 day moving average is $217.91 and its 200-day moving average is $196.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $233.00. The firm has a market capitalization of $2.38 trillion, a P/E ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 5.38 EPS for the current fiscal year.

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.