Edgestream Partners L.P. Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Edgestream Partners L.P. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 65.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 40,338 shares of the e-commerce giant’s stock after acquiring an additional 15,920 shares during the quarter. Amazon.com makes up about 0.4% of Edgestream Partners L.P.’s holdings, making the stock its 24th largest holding. Edgestream Partners L.P.’s holdings in Amazon.com were worth $8,850,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Cable Hill Partners LLC grew its stake in Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after acquiring an additional 44 shares during the period. Quattro Financial Advisors LLC lifted its holdings in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. White Wing Wealth Management grew its position in shares of Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after purchasing an additional 47 shares during the period. MBM Wealth Consultants LLC increased its stake in shares of Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after purchasing an additional 48 shares in the last quarter. Finally, Semus Wealth Partners LLC raised its position in shares of Amazon.com by 0.3% during the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AMZN. Jefferies Financial Group cut their price objective on Amazon.com from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Sanford C. Bernstein increased their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Barclays upped their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company reduced their target price on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $260.53.

Amazon.com Price Performance

Amazon.com stock opened at $175.26 on Tuesday. The stock has a market cap of $1.86 trillion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a fifty day simple moving average of $210.97 and a 200-day simple moving average of $209.12. The company has a current ratio of 1.06, a quick ratio of 0.87 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.

Amazon.com (NASDAQ:AMZN) last released 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%. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction 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 owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 over the last three months. 10.80% of the stock is owned by corporate insiders.

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.