HCR Wealth Advisors boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,785 shares of the e-commerce giant’s stock after purchasing an additional 15 shares during the quarter. Amazon.com accounts for about 0.9% of HCR Wealth Advisors’ holdings, making the stock its 21st biggest position. HCR Wealth Advisors’ holdings in Amazon.com were worth $2,681,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Signet Investment Advisory Group Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at about $33,000. Spence Asset Management increased its holdings in shares of Amazon.com by 127.3% in the 4th quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock valued at $38,000 after purchasing an additional 14 shares during the period. Financial Advantage Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at about $45,000. Contravisory Investment Management Inc. increased its holdings in shares of Amazon.com by 112.5% in the 4th quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 18 shares during the period. Finally, O Brien Wealth Partners LLC increased its holdings in shares of Amazon.com by 104.8% in the 4th quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock valued at $72,000 after purchasing an additional 22 shares during the period. Hedge funds and other institutional investors own 55.33% of the company’s stock.

In other news, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $1,811.14, for a total transaction of $3,622,280.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $18,111,400. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $1,858.25, for a total value of $1,858,250.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $18,582,500. The disclosure for this sale can be found here. Insiders have sold 12,990 shares of company stock valued at $24,295,428 in the last ninety days. Company insiders own 16.10% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Oppenheimer upped their target price on Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a report on Monday, April 1st. CIBC upped their target price on Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Aegis reiterated a “buy” rating and issued a $2,250.00 target price (up previously from $2,225.00) on shares of Amazon.com in a report on Friday, April 26th. JPMorgan Chase & Co. upped their target price on Amazon.com from $2,050.00 to $2,200.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, JMP Securities upped their target price on Amazon.com from $2,050.00 to $2,275.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and forty-three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $2,181.89.

Shares of Amazon.com stock opened at $1,859.68 on Thursday. The company has a market cap of $914.52 billion, a price-to-earnings ratio of 92.34, a P/E/G ratio of 2.11 and a beta of 1.62. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.83. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.61 by $2.48. The firm had revenue of $59.70 billion during the quarter, compared to analysts’ expectations of $59.73 billion. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The company’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.27 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 26.59 EPS for the current fiscal year.

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About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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