Cedrus LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cedrus LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,261 shares of the e-commerce giant’s stock after purchasing an additional 665 shares during the quarter. Amazon.com makes up approximately 1.1% of Cedrus LLC’s investment portfolio, making the stock its 25th largest position. Cedrus LLC’s holdings in Amazon.com were worth $1,711,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. FMR LLC grew its holdings in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after buying an additional 21,649,871 shares in the last quarter. Northern Trust Corp grew its holdings in Amazon.com by 3.7% in the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after buying an additional 3,260,411 shares in the last quarter. Jennison Associates LLC grew its holdings in Amazon.com by 28.4% in the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after buying an additional 12,176,114 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Amazon.com by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock valued at $6,406,216,000 after buying an additional 1,374,052 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Robert W. Baird upped their target price on Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Citigroup upped their target price on Amazon.com from $215.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Canaccord Genuity Group upped their target price on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Barclays upped their price target on Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Raymond James upped their price target on Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $205.13.

Amazon.com Trading Up 3.4 %

AMZN opened at $179.62 on Monday. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77. The company has a market cap of $1.87 trillion, a P/E ratio of 61.94, a PEG ratio of 1.55 and a beta of 1.16. 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 business’s 50-day simple moving average is $177.99 and its 200-day simple moving average is $158.98.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the prior year, the business posted $0.21 EPS. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.11 EPS for the current fiscal year.

Insider Activity

In related news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. 10.30% of the stock is currently owned by insiders.

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.