WT Asset Management Ltd Has $73.83 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

WT Asset Management Ltd lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2,303.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 336,528 shares of the e-commerce giant’s stock after acquiring an additional 322,528 shares during the quarter. Amazon.com makes up 8.1% of WT Asset Management Ltd’s portfolio, making the stock its 4th biggest position. WT Asset Management Ltd’s holdings in Amazon.com were worth $73,831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. MBM Wealth Consultants LLC grew its stake in Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after buying an additional 48 shares during the last quarter. Semus Wealth Partners LLC grew its stake in 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 valued at $3,339,000 after purchasing an additional 49 shares during the last quarter. Bell Investment Advisors Inc lifted its holdings in shares of Amazon.com by 1.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after buying an additional 51 shares during the period. Eaton Cambridge Inc. lifted its holdings in shares of Amazon.com by 1.1% in the 4th quarter. Eaton Cambridge Inc. now owns 4,533 shares of the e-commerce giant’s stock valued at $994,000 after buying an additional 51 shares during the period. Finally, Proathlete Wealth Management LLC raised its holdings in Amazon.com by 0.4% in the 4th quarter. Proathlete Wealth Management LLC now owns 12,853 shares of the e-commerce giant’s stock worth $2,820,000 after purchasing an additional 51 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on AMZN shares. HSBC increased their target price on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. BMO Capital Markets restated an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. DA Davidson upped their price target on Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Mizuho increased their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Maxim Group raised their price target on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two investment 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, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Buying and Selling at Amazon.com

In other news, 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 sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,149 shares of company stock valued at $24,606,905 in the last ninety days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Up 1.7 %

Shares of NASDAQ:AMZN opened at $212.32 on Friday. The company has a market capitalization of $2.25 trillion, a PE ratio of 38.39, a PEG ratio of 1.50 and a beta of 1.15. The company has a 50 day moving average price of $226.44 and a two-hundred day moving average price of $205.61. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.