UNICOM Systems Inc. Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

UNICOM Systems Inc. purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 59,800 shares of the e-commerce giant's stock, valued at approximately $13,120,000. Amazon.com accounts for 3.2% of UNICOM Systems Inc.'s holdings, making the stock its 11th largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Weatherly Asset Management L. P. increased its position in shares of Amazon.com by 0.3% during the fourth quarter. Weatherly Asset Management L. P. now owns 234,862 shares of the e-commerce giant's stock worth $51,526,000 after acquiring an additional 708 shares during the period. Cigna Investments Inc. New increased its holdings in Amazon.com by 0.3% during the 4th quarter. Cigna Investments Inc. New now owns 96,298 shares of the e-commerce giant's stock worth $21,127,000 after purchasing an additional 272 shares during the period. Wealthcare Capital Partners LLC acquired a new stake in Amazon.com in the 4th quarter valued at about $1,236,000. Sovran Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at about $7,183,000. Finally, Compound Global Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $1,288,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Friday, February 21st. The shares were 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. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at $10,933,860. The trade was a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,298 shares of company stock valued at $22,871,828. Insiders own 10.80% of the company's stock.

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Amazon.com Stock Down 2.6 %

Shares of AMZN traded down $5.17 during midday trading on Thursday, hitting $193.72. The company had a trading volume of 34,028,390 shares, compared to its average volume of 39,159,719. The stock has a market cap of $2.05 trillion, a price-to-earnings ratio of 35.03, a PEG ratio of 1.50 and a beta of 1.19. The company's 50 day moving average price is $222.71 and its 200 day moving average price is $207.20. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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%. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AMZN shares. Jefferies Financial Group raised their target price on shares of Amazon.com from $235.00 to $275.00 and gave the company a "buy" rating in a report on Monday, December 16th. UBS Group upped their price target on Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a report on Monday, December 16th. Citigroup reiterated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Stifel Nicolaus boosted their price objective on Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Moffett Nathanson raised their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $260.65.

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.