Amazon.com, Inc. (NASDAQ:AMZN) is Portfolio Design Labs LLC’s 6th Largest Position

Portfolio Design Labs LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 23.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,528 shares of the e-commerce giant’s stock after buying an additional 13,210 shares during the period. Amazon.com comprises approximately 3.1% of Portfolio Design Labs LLC’s portfolio, making the stock its 6th biggest position. Portfolio Design Labs LLC’s holdings in Amazon.com were worth $15,034,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. AMF Tjanstepension AB lifted its position 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 worth $492,172,000 after purchasing an additional 811,425 shares in the last quarter. Total Wealth Planning LLC increased its stake 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 valued at $418,000 after buying an additional 559 shares during the period. Pinnacle Wealth Management Group Inc. lifted 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 worth $1,260,000 after buying an additional 300 shares in the last quarter. McNamara Financial Services Inc. lifted its position in Amazon.com by 28.9% in the 3rd quarter. McNamara Financial Services Inc. now owns 2,764 shares of the e-commerce giant’s stock worth $515,000 after buying an additional 620 shares in the last quarter. Finally, Code Waechter LLC acquired a new stake in shares of Amazon.com during the 3rd quarter valued at $749,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMZN. Raymond James upped their price target on shares of Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Stifel Nicolaus upped their target price on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. TD Cowen lifted their price target on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Roth Mkm boosted their price target on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Performance

AMZN opened at $199.25 on Monday. The stock’s 50 day simple moving average is $224.11 and its 200-day simple moving average is $206.99. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.11 trillion, a PE ratio of 36.03, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results 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%. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 5,848 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.72, for a total value of $1,290,770.56. Following the sale, the senior vice president now owns 69,162 shares of the company’s stock, valued at $15,265,436.64. The trade was a 7.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock valued at $22,871,828 over the last quarter. 10.80% of the stock is owned by company 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.