Sierra Capital LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Sierra Capital LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 49.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,367 shares of the e-commerce giant’s stock after purchasing an additional 17,667 shares during the period. Sierra Capital LLC’s holdings in Amazon.com were worth $4,483,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. State Street Corp increased its position in shares of Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after acquiring an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares during the period. FMR LLC grew its position in Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Northern Trust Corp grew its position in Amazon.com by 1,867.0% during the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after purchasing an additional 90,167,792 shares during the period. Finally, Swiss National Bank grew its position in Amazon.com by 1,909.7% during the 2nd quarter. Swiss National Bank now owns 39,731,440 shares of the e-commerce giant’s stock worth $4,219,876,000 after purchasing an additional 37,754,468 shares during the period. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 2,299 shares of the firm’s stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the completion of the transaction, the chief executive officer now directly owns 138,320 shares of the company’s stock, valued at approximately $13,879,028.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Adam Selipsky sold 2,299 shares of the firm’s stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the completion of the transaction, the chief executive officer now directly owns 138,320 shares of the company’s stock, valued at approximately $13,879,028.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $102.25, for a total transaction of $409,000.00. Following the sale, the chief executive officer now directly owns 556,298 shares of the company’s stock, valued at $56,881,470.50. The disclosure for this sale can be found here. Insiders sold a total of 26,599 shares of company stock valued at $2,781,085 in the last ninety days. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Trading Down 1.1 %

Shares of Amazon.com stock opened at $115.01 on Tuesday. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.18 trillion, a PE ratio of 273.83, a price-to-earnings-growth ratio of 4.04 and a beta of 1.26. The company has a 50-day moving average of $104.08 and a two-hundred day moving average of $97.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. During the same period last year, the company posted $0.21 EPS. The company’s revenue was up 9.4% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 1.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Oppenheimer dropped their target price on Amazon.com from $135.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, April 6th. Moffett Nathanson decreased their price target on shares of Amazon.com from $119.00 to $116.00 and set an “outperform” rating on the stock in a research note on Monday, April 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Amazon.com in a research note on Wednesday, April 12th. Benchmark raised their price target on shares of Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Finally, Robert W. Baird raised their price target on shares of Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.12.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.