Wilmar Advisors LLC Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Wilmar Advisors LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 27,000 shares of the e-commerce giant’s stock, valued at approximately $5,924,000. Amazon.com makes up about 5.5% of Wilmar Advisors LLC’s portfolio, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC raised its holdings in Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock valued at $2,652,116,000 after buying an additional 12,018,120 shares in the last quarter. Parnassus Investments LLC increased its holdings in shares of Amazon.com by 82,457.3% during the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after acquiring an additional 11,391,479 shares during the last quarter. State Street Corp increased its holdings in shares of Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after acquiring an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after acquiring an additional 6,545,944 shares in the last quarter. Finally, Strategic Financial Concepts LLC lifted its holdings in Amazon.com by 23,742.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock worth $1,119,463,000 after purchasing an additional 5,081,217 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on AMZN. Citigroup reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Scotiabank upped their price target on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Roth Mkm lifted their price objective on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Barclays boosted their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $260.53.

Amazon.com Stock Up 1.0 %

Shares of NASDAQ:AMZN opened at $192.17 on Wednesday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $215.38 and its two-hundred day moving average price is $209.31. The firm has a market cap of $2.04 trillion, a P/E ratio of 34.75, a P/E/G ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,298 shares of company stock worth $22,871,828. Company insiders own 10.80% of the company’s stock.

Amazon.com 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.