Proficio Capital Partners LLC Acquires 12,018,120 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Proficio Capital Partners LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17,054.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,088,589 shares of the e-commerce giant’s stock after acquiring an additional 12,018,120 shares during the period. Amazon.com makes up 1.5% of Proficio Capital Partners LLC’s holdings, making the stock its 16th biggest holding. Proficio Capital Partners LLC’s holdings in Amazon.com were worth $2,652,116,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kovack Advisors Inc. increased its holdings in Amazon.com by 7.5% during the 4th quarter. Kovack Advisors Inc. now owns 147,547 shares of the e-commerce giant’s stock worth $32,370,000 after purchasing an additional 10,356 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in Amazon.com by 2.1% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 3,143,300 shares of the e-commerce giant’s stock worth $689,609,000 after buying an additional 63,700 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd raised its position in Amazon.com by 958.5% in the 4th quarter. Central Asset Investments & Management Holdings HK Ltd now owns 50,026 shares of the e-commerce giant’s stock valued at $10,975,000 after buying an additional 45,300 shares during the last quarter. MKD Wealth Coaches LLC bought a new position in Amazon.com during the 4th quarter valued at $501,000. Finally, K.J. Harrison & Partners Inc boosted its holdings in Amazon.com by 14.5% during the 4th quarter. K.J. Harrison & Partners Inc now owns 109,029 shares of the e-commerce giant’s stock worth $24,010,000 after acquiring an additional 13,835 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. DA Davidson increased their target price on shares of Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Roth Mkm increased their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. TD Cowen boosted their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird increased their price target on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, HSBC lifted their price target on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Two investment 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Trading Down 4.3 %

NASDAQ:AMZN opened at $192.72 on Friday. The firm has a market capitalization of $2.04 trillion, a P/E ratio of 34.85, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $216.86 and a 200 day moving average of $209.08. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,784 shares of the 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 completion of the transaction, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is currently owned by company 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.