Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lifted by Heritage Investors Management Corp

Heritage Investors Management Corp boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 328,009 shares of the e-commerce giant’s stock after acquiring an additional 580 shares during the period. Amazon.com accounts for 2.3% of Heritage Investors Management Corp’s holdings, making the stock its 7th biggest position. Heritage Investors Management Corp’s holdings in Amazon.com were worth $71,962,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AMZN. Whipplewood Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $1,888,000. Oregon Public Employees Retirement Fund grew its position in Amazon.com by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 802,308 shares of the e-commerce giant’s stock worth $176,018,000 after purchasing an additional 2,452 shares during the last quarter. Oakwell Private Wealth Management LLC increased its stake in Amazon.com by 2.4% during the 4th quarter. Oakwell Private Wealth Management LLC now owns 3,361 shares of the e-commerce giant’s stock valued at $737,000 after purchasing an additional 80 shares in the last quarter. Magnolia Private Wealth LLC purchased a new position in shares of Amazon.com in the fourth quarter worth $634,000. Finally, Pointe Capital Management LLC lifted its stake in shares of Amazon.com by 0.5% during the fourth quarter. Pointe Capital Management LLC now owns 11,437 shares of the e-commerce giant’s stock worth $2,509,000 after buying an additional 54 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares of the company’s stock, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. Citigroup reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Stifel Nicolaus increased their price target on shares of Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Barclays lifted their price objective 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. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Price Performance

NASDAQ:AMZN opened at $192.72 on Friday. 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, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a 50 day moving average price of $216.86 and a 200 day moving average price of $208.87. The stock has a market cap of $2.04 trillion, a PE ratio of 34.85, a P/E/G ratio of 1.50 and a beta of 1.19.

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

Amazon.com 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.