Leavell Investment Management Inc. Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Leavell Investment Management Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,942 shares of the e-commerce giant’s stock after buying an additional 3,794 shares during the period. Amazon.com comprises 1.0% of Leavell Investment Management Inc.’s portfolio, making the stock its 19th largest holding. Leavell Investment Management Inc.’s holdings in Amazon.com were worth $19,513,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC increased its stake in Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares during the last quarter. Parnassus Investments LLC grew its holdings in Amazon.com by 82,457.3% in the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after buying an additional 11,391,479 shares during the period. State Street Corp increased its stake in shares of Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after acquiring an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after acquiring an additional 6,545,944 shares during the period. Finally, Strategic Financial Concepts LLC boosted its position in shares of Amazon.com by 23,742.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock worth $1,119,463,000 after acquiring an additional 5,081,217 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price target on shares of Amazon.com in a report on Friday, February 7th. Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Robert W. Baird boosted their price target on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. UBS Group raised their price objective on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Barclays boosted their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Two investment 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’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 transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $199.25 on Monday. 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 company has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 36.03, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The business has a 50 day simple moving average of $224.11 and a 200-day simple moving average of $206.99.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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%. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.