Amazon.com, Inc. (NASDAQ:AMZN) Position Boosted by Elefante Mark B

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Elefante Mark B lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 411 shares of the e-commerce giant’s stock after buying an additional 46 shares during the quarter. Amazon.com accounts for about 2.8% of Elefante Mark B’s holdings, making the stock its 15th biggest holding. Elefante Mark B’s holdings in Amazon.com were worth $760,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Family Management Corp increased its stake in shares of Amazon.com by 1.0% in the second quarter. Family Management Corp now owns 2,805 shares of the e-commerce giant’s stock valued at $5,312,000 after purchasing an additional 28 shares during the period. First Long Island Investors LLC increased its stake in shares of Amazon.com by 2.5% in the third quarter. First Long Island Investors LLC now owns 16,299 shares of the e-commerce giant’s stock valued at $28,294,000 after purchasing an additional 391 shares during the period. Orgel Wealth Management LLC increased its stake in shares of Amazon.com by 11.9% in the third quarter. Orgel Wealth Management LLC now owns 132 shares of the e-commerce giant’s stock valued at $229,000 after purchasing an additional 14 shares during the period. Alta Capital Management LLC increased its stake in shares of Amazon.com by 24.4% in the third quarter. Alta Capital Management LLC now owns 1,070 shares of the e-commerce giant’s stock valued at $1,857,000 after purchasing an additional 210 shares during the period. Finally, Granite Investment Advisors LLC increased its stake in shares of Amazon.com by 1.2% in the third quarter. Granite Investment Advisors LLC now owns 2,201 shares of the e-commerce giant’s stock valued at $3,821,000 after purchasing an additional 27 shares during the period. 55.98% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Shelley Reynolds sold 379 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $1,750.66, for a total value of $663,500.14. Following the completion of the transaction, the vice president now owns 6,307 shares of the company’s stock, valued at approximately $11,041,412.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judith A. Mcgrath sold 304 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $1,749.91, for a total transaction of $531,972.64. Following the completion of the transaction, the director now directly owns 2,324 shares of the company’s stock, valued at approximately $4,066,790.84. The disclosure for this sale can be found here. Insiders have sold 10,196 shares of company stock valued at $17,869,618 over the last 90 days. 16.10% of the stock is currently owned by insiders.

Shares of NASDAQ:AMZN opened at $1,862.02 on Thursday. The stock has a market capitalization of $926.86 billion, a price-to-earnings ratio of 92.45, a PEG ratio of 2.60 and a beta of 1.50. Amazon.com, Inc. has a 1-year low of $1,566.76 and a 1-year high of $2,035.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 1.10. The company has a 50 day moving average price of $1,818.23 and a 200 day moving average price of $1,817.94.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.46 by ($0.23). The business had revenue of $69.98 billion for the quarter, compared to the consensus estimate of $68.72 billion. Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.75 earnings per share. On average, sell-side analysts expect that Amazon.com, Inc. will post 20.51 EPS for the current fiscal year.

Several equities research analysts have commented on AMZN shares. Argus restated a “buy” rating and issued a $2,250.00 price target on shares of Amazon.com in a research note on Tuesday, December 31st. They noted that the move was a valuation call. ValuEngine upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Wolfe Research started coverage on shares of Amazon.com in a research note on Tuesday, October 8th. They issued an “outperform” rating and a $2,234.00 price target on the stock. BidaskClub upgraded shares of Amazon.com from a “strong sell” rating to a “sell” rating in a research note on Friday, December 20th. Finally, Raymond James dropped their price target on shares of Amazon.com from $2,080.00 to $2,020.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-four have assigned a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and an average price target of $2,171.64.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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