Seelaus Asset Management LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Seelaus Asset Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,074 shares of the e-commerce giant’s stock after buying an additional 391 shares during the period. Amazon.com makes up 3.0% of Seelaus Asset Management LLC’s portfolio, making the stock its 4th largest holding. Seelaus Asset Management LLC’s holdings in Amazon.com were worth $3,307,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the company. AMF Tjanstepension AB raised its position in shares of Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after buying an additional 811,425 shares in the last quarter. Gill Capital Partners LLC boosted its holdings in shares of Amazon.com by 21.3% during the 3rd quarter. Gill Capital Partners LLC now owns 8,931 shares of the e-commerce giant’s stock valued at $1,664,000 after acquiring an additional 1,567 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in shares of Amazon.com by 30.6% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 21,972 shares of the e-commerce giant’s stock worth $4,094,000 after purchasing an additional 5,148 shares during the last quarter. Howard Financial Services LTD. raised its stake in shares of Amazon.com by 2.5% during the third quarter. Howard Financial Services LTD. now owns 24,780 shares of the e-commerce giant’s stock valued at $4,617,000 after acquiring an additional 598 shares during the last quarter. Finally, First PREMIER Bank lifted its holdings in Amazon.com by 5.1% during the 3rd quarter. First PREMIER Bank now owns 15,138 shares of the e-commerce giant’s stock worth $2,821,000 after buying an additional 738 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMZN shares. Scotiabank lifted their target price on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Benchmark raised their price objective on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Barclays raised their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Stifel Nicolaus increased their price target on Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Royal Bank of Canada boosted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Two investment 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Activity

In other news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was 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 directly owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the company’s 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 completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,649 shares of company stock worth $23,871,905 in the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

AMZN opened at $208.36 on Thursday. The firm has a market cap of $2.21 trillion, a price-to-earnings ratio of 37.68, a PEG ratio of 1.50 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock’s 50 day simple moving average is $225.12 and its 200 day simple moving average is $206.50. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

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, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share 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.