World Equity Group Inc. Has $6.60 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

World Equity Group Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,084 shares of the e-commerce giant’s stock after buying an additional 309 shares during the quarter. Amazon.com accounts for approximately 1.4% of World Equity Group Inc.’s holdings, making the stock its 10th biggest holding. World Equity Group Inc.’s holdings in Amazon.com were worth $6,600,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. AMF Tjanstepension AB grew its stake in shares of Amazon.com by 44.3% in the 3rd 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. Swedbank AB boosted its stake in Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after buying an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC bought a new stake in Amazon.com in the third quarter valued at $279,000. Howard Capital Management Group LLC grew its position in Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after acquiring an additional 897 shares during the period. Finally, Meridian Management Co. lifted its holdings in shares of Amazon.com by 27.6% during the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock valued at $6,235,000 after acquiring an additional 7,246 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 1.2 %

NASDAQ:AMZN opened at $205.71 on Wednesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a 50-day moving average price of $218.36 and a two-hundred day moving average price of $208.86. The stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.20, a PEG ratio of 1.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last issued 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 return on equity of 24.25% and a net margin of 9.29%. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, 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 transaction, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents 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 have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Sanford C. Bernstein upped their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Rosenblatt Securities upped their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Barclays lifted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Telsey Advisory Group restated an “outperform” rating and set a $275.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, Moffett Nathanson raised their price target on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

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.