Fisher Asset Management LLC Has $6.42 Billion Position in Amazon.com, Inc. (NASDAQ:AMZN)

Fisher Asset Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 42,241,587 shares of the e-commerce giant’s stock after purchasing an additional 888,369 shares during the quarter. Amazon.com comprises about 3.2% of Fisher Asset Management LLC’s investment portfolio, making the stock its 3rd largest position. Fisher Asset Management LLC’s holdings in Amazon.com were worth $6,418,187,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of AMZN. PayPay Securities Corp increased its holdings in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC bought a new stake in Amazon.com during the 4th quarter worth approximately $43,000. Harbor Investment Advisory LLC raised its holdings in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 1,988 shares during the period. Finally, Authentikos Wealth Advisory LLC bought a new position in Amazon.com in the third quarter valued at approximately $49,000. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the completion of the sale, the chief executive officer now owns 1,994,182 shares in the company, valued at $358,952,760. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,894 shares of company stock valued at $21,363,909. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AMZN shares. The Goldman Sachs Group increased their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Citigroup boosted their price target on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Robert W. Baird lifted their target price on Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average target price of $211.62.

Amazon.com Trading Down 0.2 %

Shares of NASDAQ:AMZN opened at $180.75 on Friday. The company has a market capitalization of $1.88 trillion, a P/E ratio of 50.63, a P/E/G ratio of 1.31 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The business’s 50 day simple moving average is $182.04 and its 200 day simple moving average is $166.06. Amazon.com, Inc. has a 1 year low of $114.31 and a 1 year high of $191.70.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. On average, research analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

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.