Unified Investment Management Buys New Position in Amazon.com, Inc. (NASDAQ:AMZN)

Unified Investment Management purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC.

The institutional investor purchased 8,543 shares of the e-commerce giant’s stock, valued at approximately $1,874,000. Amazon.com comprises about 2.



1% of Unified Investment Management’s portfolio, making the stock its 11th biggest position. Several other hedge funds also recently made changes to their positions in AMZN. State Street Corp grew its stake in Amazon.

com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares in the last quarter.

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 valued at $37,116,341,000 after acquiring an additional 6,545,944 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Amazon.com by 0.

8% in the 4th quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant’s stock valued at $14,719,407,000 after acquiring an additional 545,292 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Amazon.

com by 3.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant’s stock worth $10,776,201,000 after purchasing an additional 1,984,592 shares during the last quarter.

Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Amazon.com by 3.

6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant’s stock valued at $10,678,217,000 after purchasing an additional 1,980,663 shares during the period.

72.20% of the stock is owned by institutional investors. Insiders Place Their BetsIn other news, SVP David Zapolsky sold 19,212 shares of Amazon.

com stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.

00. Following the transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.

78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J.

Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.

00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26.

The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and DowngradesA number of equities analysts have weighed in on AMZN shares. Royal Bank of Canada boosted their price target on Amazon.com from $255.

00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Raymond James boosted their target price on Amazon.

com from $260.00 to $275.00 in a report on Monday, February 10th.

Stifel Nicolaus raised their price target on Amazon.com from $245.00 to $275.

00 and gave the company a “buy” rating in a report on Friday, February 7th. Maxim Group upped their price objective on shares of Amazon.com from $260.

00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Morgan Stanley increased their price objective on shares of Amazon.

com from $230.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 13th.

Two investment analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.

com currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.53.Check Out Our Latest Stock Report on Amazon.

comAmazon.com Price PerformanceAMZN stock opened at $178.41 on Friday.

The stock has a market cap of $1.89 trillion, a price-to-earnings ratio of 32.26, a P/E/G ratio of 1.

50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.

18, a current ratio of 1.06 and a quick ratio of 0.87.

The company has a 50 day simple moving average of $213.46 and a 200 day simple moving average of $209.01.

Amazon.com, Inc. has a 1 year low of $151.

61 and a 1 year high of $242.52. Amazon.

com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.

52 by $0.34. Amazon.

com had a net margin of 9.29% and a return on equity of 24.25%.

Research analysts anticipate that Amazon.com, Inc. will post 6.

31 EPS for the current fiscal year. Amazon.com Company Profile (Free Report)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.

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