Bennett Selby Investments LP Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bennett Selby Investments LP increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,534 shares of the e-commerce giant’s stock after purchasing an additional 158 shares during the period. Amazon.com accounts for about 3.2% of Bennett Selby Investments LP’s investment portfolio, making the stock its 9th largest holding. Bennett Selby Investments LP’s holdings in Amazon.com were worth $8,015,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Firethorn Wealth Partners LLC grew its position in Amazon.com by 1.0% in the fourth quarter. Firethorn Wealth Partners LLC now owns 13,373 shares of the e-commerce giant’s stock worth $2,934,000 after buying an additional 137 shares during the last quarter. Pflug Koory LLC grew its position in Amazon.com by 4.2% in the fourth quarter. Pflug Koory LLC now owns 7,319 shares of the e-commerce giant’s stock worth $1,606,000 after buying an additional 298 shares during the last quarter. PCG Wealth Advisors LLC grew its position in Amazon.com by 1.5% in the fourth quarter. PCG Wealth Advisors LLC now owns 7,284 shares of the e-commerce giant’s stock worth $1,598,000 after buying an additional 110 shares during the last quarter. Cornerstone Wealth Advisors Inc. grew its position in Amazon.com by 10.2% in the fourth quarter. Cornerstone Wealth Advisors Inc. now owns 1,625 shares of the e-commerce giant’s stock worth $357,000 after buying an additional 150 shares during the last quarter. Finally, Cottonwood Capital Advisors LLC grew its position in Amazon.com by 11.8% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 9,520 shares of the e-commerce giant’s stock worth $2,089,000 after buying an additional 1,003 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on AMZN. Evercore ISI lifted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company lowered their price objective on shares of Amazon.com from $212.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Royal Bank of Canada lifted their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Susquehanna lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

Amazon.com Stock Down 1.6 %

Amazon.com stock opened at $228.93 on Thursday. The firm has a market cap of $2.43 trillion, a price-to-earnings ratio of 41.40, a P/E/G ratio of 1.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a fifty day moving average price of $227.77 and a two-hundred day moving average price of $201.59.

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, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. As a group, analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s 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 of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,850 shares of company stock valued at $6,168,581 in the last quarter. Insiders own 10.80% of the company’s stock.

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.