Gunderson Capital Management Inc. Has $10.18 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Gunderson Capital Management Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,410 shares of the e-commerce giant’s stock after acquiring an additional 818 shares during the period. Amazon.com comprises approximately 5.0% of Gunderson Capital Management Inc.’s holdings, making the stock its 7th largest holding. Gunderson Capital Management Inc.’s holdings in Amazon.com were worth $10,182,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Traveka Wealth LLC lifted its holdings in Amazon.com by 20.7% in the fourth quarter. Traveka Wealth LLC now owns 16,364 shares of the e-commerce giant’s stock worth $3,590,000 after acquiring an additional 2,806 shares during the last quarter. Unique Wealth LLC raised its position in shares of Amazon.com by 29.0% during the 4th quarter. Unique Wealth LLC now owns 8,397 shares of the e-commerce giant’s stock worth $1,842,000 after purchasing an additional 1,887 shares during the period. Pinnacle Wealth Management Group Inc. lifted its holdings in shares of Amazon.com by 3.7% in the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 7,011 shares of the e-commerce giant’s stock worth $1,538,000 after purchasing an additional 250 shares during the last quarter. BCS Wealth Management boosted its position in Amazon.com by 55.1% during the 4th quarter. BCS Wealth Management now owns 14,940 shares of the e-commerce giant’s stock valued at $3,278,000 after purchasing an additional 5,307 shares during the period. Finally, AdvisorNet Financial Inc grew its stake in Amazon.com by 0.9% during the 4th quarter. AdvisorNet Financial Inc now owns 37,035 shares of the e-commerce giant’s stock worth $8,125,000 after buying an additional 348 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

AMZN stock opened at $234.85 on Friday. The firm has a 50 day simple moving average of $219.63 and a 200 day simple moving average of $197.22. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $236.40. The stock has a market cap of $2.47 trillion, a P/E ratio of 50.29, a P/E/G ratio of 1.31 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of several analyst reports. Oppenheimer boosted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. UBS Group raised their price target on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Mizuho boosted their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Pivotal Research began coverage on Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 target price on the stock. Finally, Jefferies Financial Group raised their price target on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $249.02.

Insiders Place Their Bets

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last three months. 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.