Solidarity Wealth LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Solidarity Wealth LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 130,923 shares of the e-commerce giant’s stock after buying an additional 1,013 shares during the quarter. Amazon.com comprises 7.5% of Solidarity Wealth LLC’s holdings, making the stock its 2nd largest position. Solidarity Wealth LLC’s holdings in Amazon.com were worth $28,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Amazon.com by 20,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Parnassus Investments LLC grew its holdings in shares of Amazon.com by 82,457.3% during the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after purchasing an additional 11,391,479 shares during the last quarter. State Street Corp raised its position in Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC lifted its stake in Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares during the last quarter. Finally, Wulff Hansen & CO. boosted its position in Amazon.com by 20,517.4% during the second quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock valued at $750,646,000 after buying an additional 3,865,485 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent research reports. UBS Group boosted their target price on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research note on Tuesday, January 21st. Pivotal Research initiated coverage on Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price objective for the company. Redburn Atlantic lifted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 price target on shares of Amazon.com in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $252.56.

Amazon.com Stock Up 1.1 %

NASDAQ:AMZN opened at $238.83 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market cap of $2.51 trillion, a P/E ratio of 51.14, a P/E/G ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a 50-day simple moving average of $225.85 and a two-hundred day simple moving average of $200.03.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Analysts predict that Amazon.com, Inc. will post 5.3 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,026,212 shares of company stock worth $625,666,424 over the last quarter. 10.80% 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.