Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Increased by Reliant Investment Management LLC

Reliant Investment Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,424 shares of the e-commerce giant’s stock after purchasing an additional 622 shares during the period. Amazon.com comprises about 3.4% of Reliant Investment Management LLC’s holdings, making the stock its 5th largest holding. Reliant Investment Management LLC’s holdings in Amazon.com were worth $7,772,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Icon Wealth Advisors LLC boosted its position in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Hoese & Co LLP acquired a new position in Amazon.com in the third quarter valued at approximately $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com in the third quarter valued at approximately $45,000. Values First Advisors Inc. acquired a new stake in Amazon.com during the third quarter worth approximately $56,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of Amazon.com by 1.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after buying an additional 3,055 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,026,212 shares of company stock valued at $625,666,424. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on shares of Amazon.com from $197.00 to $212.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Maxim Group lifted their target price on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Robert W. Baird upped their target price on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Benchmark lifted their price target on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, TD Cowen raised their target price on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $252.56.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $238.83 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The business’s fifty day moving average price is $225.85 and its two-hundred day moving average price is $200.03. The stock has a market cap of $2.51 trillion, a PE ratio of 51.14, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced 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 8.04% and a return on equity of 22.41%. On average, analysts forecast that Amazon.com, Inc. will post 5.3 EPS for the current fiscal year.

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.