Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Howard Capital Management Inc.

Howard Capital Management Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,129 shares of the e-commerce giant’s stock after purchasing an additional 1,171 shares during the period. Amazon.com accounts for approximately 0.6% of Howard Capital Management Inc.’s holdings, making the stock its 18th biggest position. Howard Capital Management Inc.’s holdings in Amazon.com were worth $4,730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Carnegie Capital Asset Management LLC boosted its position in Amazon.com by 0.7% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 422,633 shares of the e-commerce giant’s stock worth $64,215,000 after acquiring an additional 3,114 shares during the period. Root Financial Partners LLC increased its holdings in shares of Amazon.com by 74.8% during the fourth quarter. Root Financial Partners LLC now owns 4,626 shares of the e-commerce giant’s stock valued at $703,000 after purchasing an additional 1,980 shares during the period. Sumitomo Life Insurance Co. raised its stake in shares of Amazon.com by 22.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 137,556 shares of the e-commerce giant’s stock valued at $20,900,000 after purchasing an additional 24,774 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in Amazon.com in the fourth quarter worth about $1,386,000. Finally, Freedom Day Solutions LLC grew its position in Amazon.com by 2.6% in the 4th quarter. Freedom Day Solutions LLC now owns 26,829 shares of the e-commerce giant’s stock valued at $4,076,000 after buying an additional 685 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AMZN. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Evercore ISI boosted their target price on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday. Raymond James increased their price target on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Wednesday. Roth Mkm reissued a “buy” rating and issued a $210.00 price objective (up previously from $205.00) on shares of Amazon.com in a research note on Wednesday. Finally, Citigroup raised their target price on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $211.07.

Amazon.com Price Performance

Shares of AMZN opened at $186.21 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. The firm has a market cap of $1.93 trillion, a PE ratio of 52.16, a PEG ratio of 1.55 and a beta of 1.15. The firm’s 50 day moving average price is $178.79 and its 200 day moving average price is $159.95. Amazon.com, Inc. has a twelve month low of $103.31 and a twelve month high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 4.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. Insiders sold 32,217,010 shares of company stock valued at $5,506,442,301 over the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Company 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.