Derbend Asset Management Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Derbend Asset Management increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,922 shares of the e-commerce giant’s stock after purchasing an additional 433 shares during the period. Amazon.com makes up 1.1% of Derbend Asset Management’s investment portfolio, making the stock its 18th largest holding. Derbend Asset Management’s holdings in Amazon.com were worth $1,963,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Insight Advisors LLC PA raised its holdings in shares of Amazon.com by 2.3% during the fourth quarter. Insight Advisors LLC PA now owns 45,274 shares of the e-commerce giant’s stock valued at $6,879,000 after purchasing an additional 998 shares during the last quarter. Leavell Investment Management Inc. grew its position in Amazon.com by 0.5% during the fourth quarter. Leavell Investment Management Inc. now owns 61,976 shares of the e-commerce giant’s stock valued at $9,417,000 after buying an additional 316 shares during the period. Regency Capital Management Inc. DE grew its position in Amazon.com by 4.4% during the fourth quarter. Regency Capital Management Inc. DE now owns 4,718 shares of the e-commerce giant’s stock valued at $717,000 after buying an additional 200 shares during the period. Coston McIsaac & Partners grew its position in Amazon.com by 3.7% during the fourth quarter. Coston McIsaac & Partners now owns 2,790 shares of the e-commerce giant’s stock valued at $423,000 after buying an additional 100 shares during the period. Finally, Visionary Horizons LLC bought a new stake in Amazon.com during the fourth quarter valued at approximately $585,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 1.1 %

NASDAQ AMZN opened at $179.22 on Friday. The company’s 50-day moving average price is $177.28 and its 200-day moving average price is $156.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.86 trillion, a PE ratio of 61.80, a PEG ratio of 1.60 and a beta of 1.16. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the transaction, the chief executive officer now directly owns 512,858 shares in the company, valued at approximately $92,688,826.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares in the company, valued at $24,214,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,213,510 shares of company stock worth $5,505,798,456. Insiders own 12.30% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. TD Cowen boosted their target price on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Moffett Nathanson restated a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. Evercore ISI boosted their target price on shares of Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Wells Fargo & Company boosted their target price on shares of Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Finally, Wedbush restated an “outperform” rating and set a $220.00 target price on shares of Amazon.com in a research report on Wednesday, April 10th. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average price target of $202.80.

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.