MONECO Advisors LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

MONECO Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the fourth quarter, Holdings Channel reports. The firm owned 59,874 shares of the e-commerce giant’s stock after purchasing an additional 2,462 shares during the period. Amazon.com makes up about 1.4% of MONECO Advisors LLC’s investment portfolio, making the stock its 14th biggest position. MONECO Advisors LLC’s holdings in Amazon.com were worth $13,136,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. AMF Tjanstepension AB boosted its position in shares of Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after buying an additional 811,425 shares during the period. Swedbank AB boosted its holdings in Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after acquiring an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC purchased a new position in Amazon.com in the 3rd quarter worth approximately $279,000. Howard Capital Management Group LLC grew its position in Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after acquiring an additional 897 shares in the last quarter. Finally, Meridian Management Co. raised its stake in shares of Amazon.com by 27.6% during the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock valued at $6,235,000 after purchasing an additional 7,246 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN stock opened at $203.26 on Tuesday. The stock has a market cap of $2.15 trillion, a P/E ratio of 36.76, a P/E/G ratio of 1.50 and a beta of 1.19. 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 firm has a 50 day simple moving average of $218.60 and a 200 day simple moving average of $208.62. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) 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%. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 7th. Citigroup restated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Royal Bank of Canada raised their price objective on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Loop Capital upped their target price on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,298 shares of company stock worth $22,871,828. Insiders own 10.80% of the company’s stock.

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.