Ellenbecker Investment Group grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% during the first quarter, Holdings Channel reports. The institutional investor owned 359 shares of the e-commerce giant’s stock after acquiring an additional 28 shares during the period. Amazon.com makes up about 0.4% of Ellenbecker Investment Group’s holdings, making the stock its 27th largest position. Ellenbecker Investment Group’s holdings in Amazon.com were worth $1,111,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. raised its holdings in shares of Amazon.com by 106,580.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 7,555,096 shares of the e-commerce giant’s stock valued at $13,483,000 after acquiring an additional 7,548,014 shares during the period. Morgan Stanley lifted its stake in shares of Amazon.com by 28.3% in the fourth quarter. Morgan Stanley now owns 6,252,720 shares of the e-commerce giant’s stock worth $20,364,676,000 after buying an additional 1,377,328 shares during the last quarter. Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter worth $14,877,308,000. Nuveen Asset Management LLC lifted its stake in shares of Amazon.com by 2.0% in the fourth quarter. Nuveen Asset Management LLC now owns 3,278,721 shares of the e-commerce giant’s stock worth $10,678,564,000 after buying an additional 65,371 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of Amazon.com by 4.1% in the fourth quarter. Jennison Associates LLC now owns 2,911,025 shares of the e-commerce giant’s stock worth $9,481,005,000 after buying an additional 115,881 shares during the last quarter. Institutional investors and hedge funds own 56.39% of the company’s stock.
In other news, CEO David H. Clark sold 1,019 shares of the firm’s stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $3,257.88, for a total transaction of $3,319,779.72. Following the transaction, the chief executive officer now directly owns 1,452 shares of the company’s stock, valued at $4,730,441.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Judith A. Mcgrath sold 340 shares of Amazon.com stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $3,328.35, for a total transaction of $1,131,639.00. Following the completion of the transaction, the director now directly owns 1,984 shares in the company, valued at $6,603,446.40. The disclosure for this sale can be found here. 16.10% of the stock is currently owned by company insiders.
Shares of NASDAQ:AMZN traded up $35.80 during midday trading on Thursday, hitting $3,315.19. The stock had a trading volume of 93,004 shares, compared to its average volume of 3,599,911. Amazon.com, Inc. has a 12 month low of $2,011.15 and a 12 month high of $3,552.25. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.40. The business’s 50-day simple moving average is $3,112.50 and its 200-day simple moving average is $3,173.79. The company has a market cap of $1.67 trillion, a P/E ratio of 96.03, a PEG ratio of 2.37 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Monday, February 1st. The e-commerce giant reported $14.09 EPS for the quarter, beating the Zacks’ consensus estimate of $7.05 by $7.04. The business had revenue of $125.56 billion for the quarter, compared to analyst estimates of $119.73 billion. Amazon.com had a net margin of 4.99% and a return on equity of 24.49%. Amazon.com’s quarterly revenue was up 43.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.47 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 34.59 earnings per share for the current year.
A number of brokerages have recently weighed in on AMZN. Susquehanna Bancshares boosted their price objective on shares of Amazon.com from $4,000.00 to $5,200.00 and gave the stock a “positive” rating in a research note on Wednesday, February 3rd. Guggenheim upped their target price on shares of Amazon.com from $3,600.00 to $4,000.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Raymond James upped their target price on shares of Amazon.com from $3,500.00 to $4,000.00 and gave the company an “outperform” rating in a research note on Wednesday, February 3rd. UBS Group reiterated a “buy” rating and set a $4,150.00 target price (up from $4,000.00) on shares of Amazon.com in a research note on Wednesday, February 3rd. Finally, Cowen increased their price objective on shares of Amazon.com from $4,350.00 to $4,400.00 and gave the company an “outperform” rating in a research note on Wednesday, February 3rd. Two equities research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $3,930.67.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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