Amazon.com, Inc. (NASDAQ:AMZN) is Marest Capital LLC’s 10th Largest Position

Marest Capital LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 61.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,136 shares of the e-commerce giant’s stock after buying an additional 1,577 shares during the period. Amazon.com comprises about 0.7% of Marest Capital LLC’s portfolio, making the stock its 10th largest holding. Marest Capital LLC’s holdings in Amazon.com were worth $907,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Mediolanum International Funds Ltd raised its stake in shares of Amazon.com by 36.8% during the 4th quarter. Mediolanum International Funds Ltd now owns 1,018,962 shares of the e-commerce giant’s stock valued at $224,942,000 after buying an additional 274,026 shares during the last quarter. Penney Financial LLC increased its stake in shares of Amazon.com by 6.2% in the 4th quarter. Penney Financial LLC now owns 2,759 shares of the e-commerce giant’s stock valued at $605,000 after purchasing an additional 160 shares in the last quarter. Gilbert & Cook Inc. increased its stake in shares of Amazon.com by 4.6% in the 4th quarter. Gilbert & Cook Inc. now owns 29,217 shares of the e-commerce giant’s stock valued at $6,410,000 after purchasing an additional 1,289 shares in the last quarter. EMC Capital Management increased its stake in shares of Amazon.com by 1.2% in the 4th quarter. EMC Capital Management now owns 86,735 shares of the e-commerce giant’s stock valued at $19,029,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Colton Groome Financial Advisors LLC increased its stake in shares of Amazon.com by 11.3% in the 4th quarter. Colton Groome Financial Advisors LLC now owns 4,830 shares of the e-commerce giant’s stock valued at $1,060,000 after purchasing an additional 489 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,852 shares of company stock valued at $9,324,151 over the last quarter. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMZN. Sanford C. Bernstein lifted their price target on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Wells Fargo & Company cut their price target on Amazon.com from $212.00 to $207.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Robert W. Baird lifted their price target on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Raymond James lifted their price target on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $260.74.

Amazon.com Stock Down 2.8 %

NASDAQ:AMZN opened at $216.58 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock’s fifty day moving average is $227.88 and its two-hundred day moving average is $203.96. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 39.16, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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%. Research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current 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.