Alpha Windward Increases Stake in Amazon.com, Inc. (AMZN)
Alpha Windward boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 438 shares of the e-commerce giant’s stock after buying an additional 38 shares during the period. Alpha Windward’s holdings in Amazon.com were worth $296,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in AMZN. Blue Fin Capital increased its position in Amazon.com by 60.1% in the fourth quarter. Blue Fin Capital now owns 1,671 shares of the e-commerce giant’s stock valued at $1,129,000 after buying an additional 627 shares during the period. Terra Nova Asset Management increased its position in Amazon.com by 101.3% in the third quarter. Terra Nova Asset Management now owns 6,272 shares of the e-commerce giant’s stock valued at $3,211,000 after buying an additional 3,156 shares during the period. ING Groep increased its position in 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 during the period. Meag Munich Ergo Kapitalanlagegesellschaft bought a new position in Amazon.com during the third quarter valued at $11,705,000. Finally, Perigon Wealth Management increased its position in Amazon.com by 1.5% in the third quarter. Perigon Wealth Management now owns 5,371 shares of the e-commerce giant’s stock valued at $2,749,000 after buying an additional 81 shares during the period.
Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.36% during trading on Tuesday, reaching $594.36. 1,399,106 shares of the company traded hands. The firm has a market capitalization of $278.61 billion and a PE ratio of 851.52. The firm has a 50-day moving average price of $637.67 and a 200-day moving average price of $577.42. Amazon.com, Inc. has a 12 month low of $299.33 and a 12 month high of $696.44.
Several equities analysts recently weighed in on AMZN shares. Citigroup Inc. lifted their target price on Amazon.com from $700.00 to $785.00 in a research report on Friday, November 13th. Deutsche Bank reissued a “buy” rating on shares of Amazon.com in a report on Sunday, October 4th. Cantor Fitzgerald reissued a “buy” rating and set a $670.00 price target on shares of Amazon.com in a report on Friday, October 2nd. Zacks Investment Research raised Amazon.com from a “hold” rating to a “buy” rating and set a $573.00 price target on the stock in a report on Thursday, October 1st. Finally, Vetr cut Amazon.com from a “strong-buy” rating to a “buy” rating and set a $563.67 price target on the stock. in a report on Wednesday, September 30th. Nine research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $706.00.
In other news, Director Patricia Q. Stonesifer sold 6,250 shares of the firm’s stock in a transaction dated 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 owns 25,423 shares in the company, valued at approximately $17,258,657.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Diego Piacentini sold 17,016 shares of the firm’s stock in a transaction dated Monday, November 16th. The shares were 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.

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