Headlands Technologies LLC Purchases Shares of 110,113 Amazon.com, Inc. (NASDAQ:AMZN)

Headlands Technologies LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 110,113 shares of the e-commerce giant’s stock, valued at approximately $24,158,000. Amazon.com makes up 2.4% of Headlands Technologies LLC’s portfolio, making the stock its 4th biggest holding.

Other large investors have also recently bought and sold shares of the company. Swedbank AB lifted its holdings in shares of Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after purchasing an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC purchased a new position in shares of Amazon.com in the third quarter valued at $279,000. Howard Capital Management Group LLC grew its position in shares of Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after purchasing an additional 897 shares during the last quarter. Principal Financial Group Inc. increased its position in Amazon.com by 5.1% during the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant’s stock worth $3,757,589,000 after buying an additional 984,570 shares in the last quarter. Finally, Moran Wealth Management LLC lifted its holdings in Amazon.com by 18.0% in the 3rd quarter. Moran Wealth Management LLC now owns 18,225 shares of the e-commerce giant’s stock valued at $3,396,000 after purchasing an additional 2,782 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 in the last quarter. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. Wolfe Research increased their price target on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Mizuho reduced their target price on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Cantor Fitzgerald lowered their price target on Amazon.com from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Bank of America cut their price objective on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Finally, Citizens Jmp lowered their target price on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $246.50.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $190.20 on Friday. The firm has a market cap of $2.02 trillion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. 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 business has a 50 day moving average price of $190.94 and a two-hundred day moving average price of $207.76. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.98 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share 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.