Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 22.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 905,856 shares of the e-commerce giant’s stock after buying an additional 168,717 shares during the period. Amazon.com accounts for about 1.8% of Capital Group Private Client Services Inc.’s holdings, making the stock its 10th biggest holding. Capital Group Private Client Services Inc.’s holdings in Amazon.com were worth $198,736,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Cable Hill Partners LLC raised its holdings in Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after acquiring an additional 44 shares in the last quarter. Quattro Financial Advisors LLC raised its holdings in Amazon.com by 23.8% in the fourth 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 in the last quarter. Northern Capital Management Inc. raised its holdings in Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after acquiring an additional 45 shares in the last quarter. White Wing Wealth Management raised its holdings in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after acquiring an additional 47 shares in the last quarter. Finally, MBM Wealth Consultants LLC raised its holdings in 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 acquiring an additional 48 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’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 directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,798 shares of company stock valued at $17,486,053. 9.70% of the stock is owned by insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $211.37 on Wednesday. The firm has a market capitalization of $2.24 trillion, a P/E ratio of 38.22, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company’s fifty day moving average is $188.72 and its two-hundred day moving average is $208.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. Analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several analyst reports. Oppenheimer reduced their target price on shares of Amazon.com from $260.00 to $220.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Wells Fargo & Company reduced their price objective on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Wedbush restated an “outperform” rating and set a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Scotiabank reduced their price objective on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday, April 21st. Finally, Morgan Stanley reduced their price objective on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $244.09.

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.