Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Modus Advisors LLC

Modus Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 18.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,374 shares of the e-commerce giant’s stock after buying an additional 4,891 shares during the quarter. Modus Advisors LLC’s holdings in Amazon.com were worth $2,635,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dohj LLC lifted its stake in Amazon.com by 1.8% during the third quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock worth $2,807,000 after purchasing an additional 451 shares during the last quarter. Bassett Hargrove Investment Counsel LLC purchased a new stake in Amazon.com in the third quarter valued at approximately $2,120,000. Obermeyer Wood Investment Counsel Lllp lifted its stake in Amazon.com by 1.2% in the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock valued at $35,405,000 after buying an additional 3,840 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Amazon.com by 0.8% in the third quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock valued at $472,980,000 after buying an additional 32,781 shares during the last quarter. Finally, West Coast Financial LLC purchased a new stake in Amazon.com in the third quarter valued at approximately $210,000. 57.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the sale, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,394 shares of company stock worth $6,994,626. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $98.95 on Friday. The stock’s 50-day moving average is $97.01 and its 200-day moving average is $101.72. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of -369.20, a price-to-earnings-growth ratio of 3.91 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The firm had revenue of $149.20 billion during the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.39 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Telsey Advisory Group reduced their price objective on Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, January 24th. Barclays upped their price target on Amazon.com from $130.00 to $150.00 in a research note on Friday, February 3rd. Wolfe Research upped their price target on Amazon.com from $115.00 to $130.00 in a research note on Friday, February 3rd. Wells Fargo & Company cut their price target on Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. Finally, Wedbush cut their price target on Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $144.72.

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.