5,870 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Compound Global Advisors LLC

Compound Global Advisors LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,870 shares of the e-commerce giant’s stock, valued at approximately $1,288,000. Amazon.com makes up about 5.2% of Compound Global Advisors LLC’s investment portfolio, making the stock its 4th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. AMF Tjanstepension AB boosted its stake in shares of Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after purchasing an additional 811,425 shares during the period. Total Wealth Planning LLC lifted its holdings in Amazon.com by 33.2% in the 3rd quarter. Total Wealth Planning LLC now owns 2,241 shares of the e-commerce giant’s stock worth $418,000 after buying an additional 559 shares in the last quarter. Pinnacle Wealth Management Group Inc. boosted its position in Amazon.com by 4.6% in the 3rd quarter. Pinnacle Wealth Management Group Inc. now owns 6,761 shares of the e-commerce giant’s stock valued at $1,260,000 after buying an additional 300 shares during the last quarter. McNamara Financial Services Inc. grew its stake in shares of Amazon.com by 28.9% during the third quarter. McNamara Financial Services Inc. now owns 2,764 shares of the e-commerce giant’s stock valued at $515,000 after acquiring an additional 620 shares in the last quarter. Finally, Code Waechter LLC purchased a new stake in shares of Amazon.com during the third quarter worth about $749,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on AMZN. Wells Fargo & Company reduced their price target on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a report on Tuesday, February 25th. Loop Capital increased their target price on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Scotiabank lifted their price target on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Moffett Nathanson increased their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, HSBC boosted their target price on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Stock Performance

Shares of AMZN opened at $199.25 on Monday. The firm has a market capitalization of $2.11 trillion, a PE ratio of 36.03, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $224.11 and a 200 day moving average price of $206.99. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of the 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 directly owns 49,950 shares of the company’s stock, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,298 shares of company stock valued at $22,871,828. 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.