Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by WestEnd Advisors LLC

WestEnd Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 234,069 shares of the e-commerce giant's stock after buying an additional 20,292 shares during the period. Amazon.com makes up approximately 1.3% of WestEnd Advisors LLC's portfolio, making the stock its 16th largest position. WestEnd Advisors LLC's holdings in Amazon.com were worth $51,352,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quattro Financial Advisors LLC increased its position in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during the period. MBM Wealth Consultants LLC increased its holdings in shares of Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after purchasing an additional 48 shares during the period. Semus Wealth Partners LLC lifted its holdings in shares of Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock worth $3,339,000 after purchasing an additional 49 shares during the period. Bell Investment Advisors Inc lifted its holdings in shares of Amazon.com by 1.5% during the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant's stock worth $626,000 after purchasing an additional 51 shares during the period. Finally, Eaton Cambridge Inc. increased its stake in Amazon.com by 1.1% in the 4th quarter. Eaton Cambridge Inc. now owns 4,533 shares of the e-commerce giant's stock valued at $994,000 after buying an additional 51 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

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Amazon.com Stock Down 2.4 %

Shares of AMZN traded down $4.71 during midday trading on Monday, hitting $194.54. The company had a trading volume of 61,927,460 shares, compared to its average volume of 38,893,941. The stock has a market cap of $2.06 trillion, a price-to-earnings ratio of 35.18, a PEG ratio of 1.50 and a beta of 1.19. The company's 50 day moving average price is $224.11 and its 200 day moving average price is $206.99. 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.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMZN. Robert W. Baird lifted their target price on shares of Amazon.com from $220.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, December 13th. DA Davidson boosted their target price on Amazon.com from $235.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Royal Bank of Canada raised their price target on Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a report on Friday, February 7th. UBS Group lifted their price target on Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Finally, Wedbush reissued an "outperform" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $260.65.

Insider Activity

In other news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is currently owned by 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.