GABELLI &amp; Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Amazon.com, Inc. (<a>NASDAQ:AMZN</a>) in the 4th quarter, according to its most recent 13F filing with the Securities &amp; Exchange Commission. The institutional investor purchased 22,000 shares of the e-commerce giant’s stock, valued at approximately $4,827,000. Several other institutional investors have also added to or reduced their stakes in AMZN. Vanguard Group Inc. raised its stake in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. State Street Corp raised its stake in shares of Amazon.com by 3.3% during 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 acquiring an additional 11,370,309 shares during the last quarter. FMR LLC raised its stake in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Amazon.com during the fourth quarter valued at about $27,266,582,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.\n\nSeveral brokerages have recently commented on AMZN. Oppenheimer lowered their price objective on shares of Amazon.com from $260.00 to $220.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Morgan Stanley lowered their price objective on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group lowered their price objective on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Bank of America decreased their price target on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Finally, DA Davidson decreased their price target on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.09.\n\nIn related news, CFO Brian T. Olsavsky sold 14,620 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $10,933,860. This trade represents a 22.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,298 shares of company stock worth $23,818,478. 9.70% of the stock is owned by insiders.\n\nAmazon.com (<a>NASDAQ:AMZN</a> – <a>Get Free Report</a>) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter last year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.\n\nAmazon.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.

GABELLI & Co INVESTMENT ADVISERS INC. Purchases Shares of 22,000 Amazon.com, Inc. (NASDAQ:AMZN)

Gabelli & Co Investment Advisers Inc. purchased 22,000 shares of Amazon.com, Inc. (AMZN) in the fourth quarter, while other institutional investors adjusted their stakes. Amazon reported strong earnings, with $1.59 EPS and $155.67 billion revenue, surpassing expectations. Insiders, including CFO Brian T. Olsavsky and CEO Douglas J. Herrington, sold shares, reducing their ownership. Brokers revised price targets, and Amazon operates through retail, subscriptions, and AWS.