Cordant Inc. Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cordant Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,124 shares of the e-commerce giant’s stock after purchasing an additional 230 shares during the period. Cordant Inc.’s holdings in Amazon.com were worth $171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Amazon.com by 1,869.1% during the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after purchasing an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD raised its stake 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 raised its stake in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC boosted its position in shares of Amazon.com by 120,235.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after purchasing an additional 116,383,502 shares during the period. Finally, Norges Bank acquired a new stake in Amazon.com in the 4th quarter valued at approximately $8,263,591,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 0.2 %

NASDAQ AMZN opened at $183.32 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market cap of $1.91 trillion, a PE ratio of 63.21, a P/E/G ratio of 1.62 and a beta of 1.17. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77. The firm’s fifty day moving average is $176.88 and its two-hundred day moving average is $156.19.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period in the previous year, the business posted $0.21 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. Analysts expect 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 business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $152.78, for a total transaction of $76,390.00. Following the transaction, the chief executive officer now directly owns 117,560 shares in the company, valued at $17,960,816.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the transaction, the chief executive officer now owns 117,560 shares in the company, valued at $17,960,816.80. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock worth $5,505,874,846 over the last ninety days. 12.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on AMZN shares. Wolfe Research upped their price target on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada boosted their price target on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Morgan Stanley boosted their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, BMO Capital Markets initiated coverage on shares of Amazon.com in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price target for the company. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $201.98.

About Amazon.com

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.