Shaker Investments LLC OH Has $9.13 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Shaker Investments LLC OH reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,629 shares of the e-commerce giant’s stock after selling 262 shares during the quarter. Amazon.com comprises 3.8% of Shaker Investments LLC OH’s investment portfolio, making the stock its 4th largest position. Shaker Investments LLC OH’s holdings in Amazon.com were worth $9,133,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Accordant Advisory Group Inc raised its holdings in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC boosted its stake in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares in the last quarter. Bull Oak Capital LLC purchased a new position in shares of Amazon.com during the third quarter valued at about $45,000. Quattro Financial Advisors LLC raised its stake 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 worth $51,000 after buying an additional 45 shares in the last quarter. Finally, Values First Advisors Inc. purchased a new stake in Amazon.com in the third quarter worth about $56,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 over the last three months. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

NASDAQ AMZN opened at $199.25 on Monday. The business’s fifty day moving average is $224.11 and its 200 day moving average is $206.99. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market capitalization of $2.11 trillion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMZN shares. Telsey Advisory Group reissued an “outperform” rating and issued a $275.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Barclays increased their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Maxim Group increased their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Scotiabank boosted their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

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.