Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by EMC Capital Management

EMC Capital Management grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the fourth quarter, Holdings Channel reports. The firm owned 86,735 shares of the e-commerce giant’s stock after acquiring an additional 1,000 shares during the period. Amazon.com makes up approximately 10.7% of EMC Capital Management’s portfolio, making the stock its 4th largest position. EMC Capital Management’s holdings in Amazon.com were worth $19,029,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Rench Wealth Management Inc. lifted its holdings in shares of Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after buying an additional 3,703 shares during the period. Foundations Investment Advisors LLC raised its position in Amazon.com by 9.7% during the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after acquiring an additional 16,392 shares in the last quarter. Blankinship & Foster LLC lifted its holdings in Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after acquiring an additional 4,740 shares during the period. Umpqua Bank boosted its position in Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after purchasing an additional 137 shares in the last quarter. Finally, One Wealth Capital Management LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $4,270,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Telsey Advisory Group reiterated an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Roth Mkm raised their target price on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. upped their price target on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $270.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 5,501 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,852 shares of company stock worth $9,324,151 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 1.7 %

NASDAQ AMZN opened at $222.88 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a market capitalization of $2.36 trillion, a P/E ratio of 40.30, a PEG ratio of 1.57 and a beta of 1.15. The firm’s 50-day moving average is $228.10 and its two-hundred day moving average is $203.58. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month 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, topping 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, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.