Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Naples Global Advisors LLC

Naples Global Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,722 shares of the e-commerce giant’s stock after purchasing an additional 563 shares during the period. Naples Global Advisors LLC’s holdings in Amazon.com were worth $6,740,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. AMF Tjanstepension AB increased its position in shares of Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after purchasing an additional 811,425 shares in the last quarter. Capricorn Fund Managers Ltd increased its position in shares of Amazon.com by 12.0% during the third quarter. Capricorn Fund Managers Ltd now owns 21,714 shares of the e-commerce giant’s stock worth $4,046,000 after purchasing an additional 2,330 shares in the last quarter. Smith Chas P & Associates PA Cpas grew its holdings in shares of Amazon.com by 0.5% during the third quarter. Smith Chas P & Associates PA Cpas now owns 24,793 shares of the e-commerce giant’s stock worth $4,620,000 after buying an additional 116 shares during the last quarter. Woodstock Corp grew its holdings in shares of Amazon.com by 6.2% during the third quarter. Woodstock Corp now owns 27,387 shares of the e-commerce giant’s stock worth $5,103,000 after buying an additional 1,602 shares during the last quarter. Finally, Orca Investment Management LLC grew its holdings in shares of Amazon.com by 6.1% during the third quarter. Orca Investment Management LLC now owns 8,071 shares of the e-commerce giant’s stock worth $1,504,000 after buying an additional 461 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of research reports. Robert W. Baird raised their price target on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Morgan Stanley raised their price target on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. HSBC raised their price target on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. DA Davidson raised their price target on Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Roth Mkm raised their price target on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Trading Up 1.1 %

Shares of AMZN opened at $196.59 on Wednesday. The stock has a fifty day moving average of $223.12 and a two-hundred day moving average of $207.25. 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 $2.08 trillion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. 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 issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 102,298 shares of company stock worth $22,871,828. Insiders own 10.80% of the company’s stock.

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.