Amazon.com, Inc. (NASDAQ:AMZN) is EMC Capital Management’s 4th Largest Position

EMC Capital Management raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,735 shares of the e-commerce giant’s stock after acquiring an additional 1,000 shares during the period. Amazon.com makes up 10.7% of EMC Capital Management’s portfolio, making the stock its 4th largest holding. EMC Capital Management’s holdings in Amazon.com were worth $19,029,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of 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 worth $72,921,080,000 after buying an additional 38,949,065 shares in the last quarter. Parnassus Investments LLC increased its stake 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 worth $2,125,148,000 after acquiring an additional 11,391,479 shares during the last quarter. State Street Corp boosted its position 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 boosted its position 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 valued at $37,116,341,000 after acquiring an additional 6,545,944 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Amazon.com in the third quarter valued at $492,144,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.7 %

Shares of NASDAQ:AMZN opened at $222.88 on Friday. The company has a market capitalization of $2.36 trillion, a PE ratio of 40.30, a P/E/G ratio of 1.57 and a beta of 1.15. 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, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business’s fifty day simple moving average is $228.10 and its 200-day simple moving average is $203.58.

Amazon.com (NASDAQ:AMZN) last posted its earnings results 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 research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research reports. Stifel Nicolaus increased their price objective on shares of Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Rosenblatt Securities lifted their price target on Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. HSBC upped their price objective on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Bank of America lifted their target price on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Wedbush restated an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $260.74.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,852 shares of company stock valued at $9,324,151 in the last 90 days. Insiders own 10.80% of the company’s stock.

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.