Ieq Capital LLC Purchases 36,941 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ieq Capital LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,287,842 shares of the e-commerce giant’s stock after acquiring an additional 36,941 shares during the period. Amazon.com comprises approximately 2.7% of Ieq Capital LLC’s holdings, making the stock its 7th largest holding. Ieq Capital LLC’s holdings in Amazon.com were worth $282,540,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Accordant Advisory Group Inc lifted its position in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the period. Icon Wealth Advisors LLC raised its stake in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Bull Oak Capital LLC bought a new position in shares of Amazon.com during the third quarter valued at $45,000. Quattro Financial Advisors LLC grew its holdings in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the last quarter. Finally, Values First Advisors Inc. bought a new stake in shares of Amazon.com in the 3rd quarter worth about $56,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. HSBC boosted their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 13th. TD Cowen increased their price target on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Redburn Atlantic increased their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 5,848 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.72, for a total value of $1,290,770.56. Following the completion of the sale, the senior vice president now owns 69,162 shares of the company’s stock, valued at approximately $15,265,436.64. This represents a 7.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, 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. Insiders sold 102,298 shares of company stock valued at $22,871,828 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 0.3 %

Shares of NASDAQ:AMZN opened at $194.95 on Friday. The firm has a market cap of $2.07 trillion, a price-to-earnings ratio of 35.25, a PEG ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company’s fifty day simple moving average is $219.36 and its 200 day simple moving average is $207.85.

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, topping 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, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.