Blue Square Asset Management LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Blue Square Asset Management LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,366 shares of the e-commerce giant’s stock after purchasing an additional 416 shares during the period. Amazon.com comprises 2.6% of Blue Square Asset Management LLC’s portfolio, making the stock its 13th largest holding. Blue Square Asset Management LLC’s holdings in Amazon.com were worth $5,126,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Fiera Capital Corp lifted its position in Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after purchasing an additional 44,615 shares during the last quarter. American Planning Services Inc. lifted its position in Amazon.com by 355.4% during the second quarter. American Planning Services Inc. now owns 17,010 shares of the e-commerce giant’s stock valued at $3,287,000 after purchasing an additional 13,275 shares during the last quarter. Menard Financial Group LLC lifted its position in Amazon.com by 24.8% during the second quarter. Menard Financial Group LLC now owns 27,857 shares of the e-commerce giant’s stock valued at $5,383,000 after purchasing an additional 5,542 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in Amazon.com by 82.0% during the second quarter. Citizens Financial Group Inc. RI now owns 407,143 shares of the e-commerce giant’s stock valued at $78,680,000 after purchasing an additional 183,413 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. lifted its position in Amazon.com by 968.0% during the second quarter. City of London Investment Management Co. Ltd. now owns 45,015 shares of the e-commerce giant’s stock valued at $8,699,000 after purchasing an additional 40,800 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN opened at $230.37 on Friday. The company has a 50-day moving average of $227.98 and a two-hundred day moving average of $201.78. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.42 trillion, a P/E ratio of 41.66, a PEG ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. As a group, research analysts predict that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,348 shares of company stock worth $5,036,214 over the last ninety days. 10.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on AMZN. Stifel Nicolaus boosted their target price on Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Canaccord Genuity Group boosted their target price on Amazon.com from $265.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Benchmark boosted their target price on Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Raymond James boosted their target price on Amazon.com from $260.00 to $275.00 in a research report on Monday. Finally, Jefferies Financial Group boosted their target price on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $260.74.

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.