Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by Guggenheim Capital LLC

Guggenheim Capital LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,425,085 shares of the e-commerce giant’s stock after buying an additional 827 shares during the quarter. Amazon.com makes up 2.5% of Guggenheim Capital LLC’s portfolio, making the stock its 4th biggest position. Guggenheim Capital LLC’s holdings in Amazon.com were worth $312,649,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sassicaia Capital Advisers LLC bought a new position in shares of Amazon.com during the 3rd quarter valued at $279,000. Howard Capital Management Group LLC lifted its holdings in shares of Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after buying an additional 897 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Amazon.com by 5.1% during the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant’s stock valued at $3,757,589,000 after buying an additional 984,570 shares during the period. Arete Wealth Advisors LLC bought a new position in Amazon.com in the 3rd quarter worth $14,648,000. Finally, Intrepid Capital Management Inc. raised its holdings in Amazon.com by 3.4% in the 3rd quarter. Intrepid Capital Management Inc. now owns 8,585 shares of the e-commerce giant’s stock worth $1,600,000 after purchasing an additional 284 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. This trade represents a 1.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 107,298 shares of company stock valued at $23,818,478 in the last 90 days. 9.70% of the stock is owned by insiders.

Amazon.com Stock Up 0.5%

Shares of NASDAQ:AMZN opened at $193.06 on Monday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company’s 50-day moving average price is $188.50 and its two-hundred day moving average price is $208.10. 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 firm has a market cap of $2.05 trillion, a P/E ratio of 34.91, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AMZN shares. Needham & Company LLC reissued a “buy” rating and set a $220.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Scotiabank decreased their price target on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, April 21st. Citizens Jmp decreased their price target on Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Evercore ISI decreased their price target on Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Finally, Loop Capital raised their price target on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.09.

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.