American Research & Management Co. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,657 shares of the e-commerce giant’s stock after purchasing an additional 22 shares during the quarter. Amazon.com accounts for 2.0% of American Research & Management Co.’s portfolio, making the stock its 20th largest position. American Research & Management Co.’s holdings in Amazon.com were worth $8,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Itau Unibanco Holding S.A. grew its stake in Amazon.com by 106,580.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 7,555,096 shares of the e-commerce giant’s stock valued at $13,483,000 after purchasing an additional 7,548,014 shares in the last quarter. Norges Bank bought a new position in Amazon.com during the 4th quarter worth approximately $14,877,308,000. SB Management Ltd bought a new position in Amazon.com during the 3rd quarter worth approximately $6,331,054,000. Morgan Stanley lifted its holdings in Amazon.com by 28.3% during the 4th quarter. Morgan Stanley now owns 6,252,720 shares of the e-commerce giant’s stock worth $20,364,676,000 after buying an additional 1,377,328 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Amazon.com by 8.9% during the 4th quarter. Alliancebernstein L.P. now owns 1,891,207 shares of the e-commerce giant’s stock worth $6,159,529,000 after buying an additional 154,025 shares during the last quarter. Hedge funds and other institutional investors own 56.39% of the company’s stock.

In other news, CEO David H. Clark sold 1,019 shares of Amazon.com stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $3,257.88, for a total value of $3,319,779.72. Following the transaction, the chief executive officer now directly owns 1,452 shares in the company, valued at $4,730,441.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judith A. Mcgrath sold 340 shares of Amazon.com stock in a transaction dated Thursday, February 4th. The stock was sold at an average price of $3,328.35, for a total value of $1,131,639.00. Following the completion of the transaction, the director now owns 1,984 shares in the company, valued at $6,603,446.40. The disclosure for this sale can be found here. 16.10% of the stock is owned by insiders.

AMZN traded up $32.41 during trading on Thursday, reaching $3,311.80. 88,370 shares of the stock traded hands, compared to its average volume of 3,599,911. The stock has a market cap of $1.67 trillion, a price-to-earnings ratio of 96.03, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19. Amazon.com, Inc. has a fifty-two week low of $2,011.15 and a fifty-two week high of $3,552.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.11 and a quick ratio of 0.88. The stock’s 50-day simple moving average is $3,112.50 and its two-hundred day simple moving average is $3,173.79.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Monday, February 1st. The e-commerce giant reported $14.09 earnings per share for the quarter, topping analysts’ consensus estimates of $7.05 by $7.04. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The company had revenue of $125.56 billion during the quarter, compared to analysts’ expectations of $119.73 billion. During the same quarter in the previous year, the firm earned $6.47 earnings per share. The business’s quarterly revenue was up 43.6% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 34.59 earnings per share for the current fiscal year.

A number of research firms have commented on AMZN. Canaccord Genuity increased their target price on Amazon.com from $3,800.00 to $4,100.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. They noted that the move was a valuation call. Bank of America increased their target price on Amazon.com from $3,650.00 to $4,000.00 in a report on Thursday, January 21st. Susquehanna Bancshares raised their price target on Amazon.com from $4,000.00 to $5,200.00 and gave the stock a “positive” rating in a report on Wednesday, February 3rd. Monness Crespi & Hardt raised their price target on Amazon.com from $4,000.00 to $4,250.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a $4,400.00 price target (up previously from $4,155.00) on shares of Amazon.com in a report on Wednesday, February 3rd. Two analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $3,930.67.

About Amazon.com

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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