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Perritt Capital Management Inc grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 72.7% during the fourth quarter, HoldingsChannel reports. The firm owned 190 shares of the e-commerce giant’s stock after purchasing an additional 80 shares during the quarter. Perritt Capital Management Inc’s holdings in Amazon.com were worth $42,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. State Street Corp boosted its position in shares of Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after buying an additional 5,015,380 shares during the last quarter. Norges Bank bought a new position in Amazon.com during the 4th quarter valued at approximately $27,266,582,000. Finally, Bank of New York Mellon Corp raised its stake in Amazon.com by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant’s stock valued at $14,719,407,000 after buying an additional 545,292 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Analysts Set New Price Targets
AMZN has been the topic of a number of analyst reports. Mizuho dropped their price target on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Friday. UBS Group lowered their price objective on Amazon.com from $272.00 to $253.00 and set a “buy” rating on the stock in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a report on Friday. Finally, Wells Fargo & Company decreased their price target on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.55.
Read Our Latest Analysis on AMZN
Insider Activity at Amazon.com
In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $10,933,860. The trade was a 22.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last ninety days. 10.80% of the stock is owned by company insiders.
Amazon.com Stock Down 0.1 %
Shares of NASDAQ AMZN opened at $189.98 on Friday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 34.35, a PEG ratio of 1.50 and a beta of 1.39. The stock has a 50 day moving average price of $190.48 and a 200 day moving average price of $207.77. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts expect 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.
Further Reading
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 – Free Report).
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