William Allan Corp Acquires 3,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

William Allan Corp raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 22,319 shares of the e-commerce giant’s stock after acquiring an additional 3,000 shares during the period. Amazon.com makes up 3.0% of William Allan Corp’s holdings, making the stock its 13th largest position. William Allan Corp’s holdings in Amazon.com were worth $4,897,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AMZN. Ameliora Wealth Management Ltd. increased its stake in shares of Amazon.com by 46.0% in the 4th quarter. Ameliora Wealth Management Ltd. now owns 9,175 shares of the e-commerce giant’s stock valued at $2,013,000 after acquiring an additional 2,889 shares during the last quarter. BSN CAPITAL PARTNERS Ltd bought a new position in Amazon.com during the 4th quarter worth approximately $415,224,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Amazon.com by 4.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,365,522 shares of the e-commerce giant’s stock valued at $299,582,000 after purchasing an additional 62,061 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in Amazon.com by 2.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 25,176,514 shares of the e-commerce giant’s stock valued at $5,523,475,000 after purchasing an additional 595,910 shares in the last quarter. Finally, Telligent Fund LP acquired a new stake in Amazon.com in the fourth quarter worth $5,309,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $205.02 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm has a market cap of $2.17 trillion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 1.50 and a beta of 1.15. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm’s 50-day simple moving average is $226.04 and its 200 day simple moving average is $206.30.

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, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 106,649 shares of company stock worth $23,871,905. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. TD Cowen boosted their price target on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Rosenblatt Securities boosted their target price on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Telsey Advisory Group restated an “outperform” rating and issued a $275.00 price target on shares of Amazon.com in a report on Friday, February 7th. Oppenheimer lifted their price objective on Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a research note on Tuesday, December 3rd. Two equities research 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

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.