Banced Corp bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 954 shares of the e-commerce giant’s stock, valued at approximately $645,000.

Other institutional investors have also modified their holdings of the company. Swarthmore Group acquired a new position in shares of Amazon.com during the fourth quarter valued at about $36,920,000. Meag Munich Ergo Kapitalanlagegesellschaft acquired a new position in shares of Amazon.com during the third quarter valued at about $11,705,000. ING Groep increased its position in shares of Amazon.com by 130.5% in the third quarter. ING Groep now owns 37,666 shares of the e-commerce giant’s stock valued at $19,274,000 after buying an additional 21,325 shares in the last quarter. Creative Planning increased its position in shares of Amazon.com by 31.9% in the fourth quarter. Creative Planning now owns 49,597 shares of the e-commerce giant’s stock valued at $33,522,000 after buying an additional 11,988 shares in the last quarter. Finally, Centre Asset Management increased its position in shares of Amazon.com by 14.8% in the fourth quarter. Centre Asset Management now owns 41,474 shares of the e-commerce giant’s stock valued at $28,032,000 after buying an additional 5,360 shares in the last quarter.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded up 3.71% during trading on Friday, hitting $596.38. 5,120,144 shares of the stock were exchanged. Amazon.com, Inc. has a 52 week low of $299.33 and a 52 week high of $696.44. The stock has a market cap of $279.56 billion and a P/E ratio of 854.41. The firm’s 50 day moving average price is $639.97 and its 200-day moving average price is $574.18.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 22nd. The e-commerce giant reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.30. During the same period last year, the company posted ($0.95) EPS. The firm had revenue of $25.36 billion for the quarter, compared to the consensus estimate of $24.91 billion. The business’s revenue was up 23.2% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post $1.87 EPS for the current year.

AMZN has been the subject of several analyst reports. Vetr downgraded Amazon.com from a “strong-buy” rating to a “buy” rating and set a $563.67 price objective for the company. in a research report on Wednesday, September 30th. Bank of America reiterated a “buy” rating and set a $775.00 price objective (up from $740.00) on shares of Amazon.com in a research report on Wednesday, December 16th. Morgan Stanley boosted their price objective on Amazon.com from $750.00 to $800.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 11th. Axiom Securities reiterated a “buy” rating on shares of Amazon.com in a research report on Sunday, November 29th. Finally, Piper Jaffray restated an “overweight” rating and issued a $800.00 target price on shares of Amazon.com in a research report on Thursday. Nine analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $706.00.

In related news, Director Patricia Q. Stonesifer sold 6,250 shares of the company’s stock in a transaction that occurred on Thursday, December 3rd. The shares were sold at an average price of $678.86, for a total transaction of $4,242,875.00. Following the completion of the transaction, the director now directly owns 25,423 shares in the company, valued at approximately $17,258,657.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Diego Piacentini sold 17,016 shares of the company’s stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $630.89, for a total transaction of $10,735,224.24. The disclosure for this sale can be found here.

Amazon.com, Inc. (NASDAQ:AMZN) is an e-commerce company. The Company sells a range of products and services through its Websites. The Company’s products are offered through consumer-facing Websites, which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It designs its Websites to enable products to be sold by the Company and by third parties across various product categories. It also manufactures and sells electronic devices, including Kindle e-readers, Fire tablets, Fire TVs, Echo and Fire phones. Amazon.com operates in two segments: North America and International. The North America segment focuses on retail sales earned through North America-focused Websites. The International segment focuses on the Company’s operations done through its international Websites. It serves developers and enterprises through Amazon Web Services (AWS). It serves authors and independent publishers with Kindle Direct Publishing.

12 Month Chart for NASDAQ:AMZN

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