Amazon.com, Inc. (AMZN) Shares Bought by Advisor Partners LLC

Advisor Partners LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% in the fourth quarter, Holdings Channel reports. The fund owned 10,047 shares of the e-commerce giant’s stock after purchasing an additional 661 shares during the period. Amazon.com accounts for about 2.4% of Advisor Partners LLC’s portfolio, making the stock its 3rd largest holding. Advisor Partners LLC’s holdings in Amazon.com were worth $15,090,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AMZN. DORCHESTER WEALTH MANAGEMENT Co grew its position in Amazon.com by 4.1% in the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 154 shares of the e-commerce giant’s stock valued at $231,000 after acquiring an additional 6 shares in the last quarter. Boltwood Capital Management grew its position in Amazon.com by 1.9% in the 4th quarter. Boltwood Capital Management now owns 382 shares of the e-commerce giant’s stock valued at $573,000 after acquiring an additional 7 shares in the last quarter. Mascoma Wealth Management LLC grew its position in Amazon.com by 15.6% in the 4th quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock valued at $78,000 after acquiring an additional 7 shares in the last quarter. Cordasco Financial Network grew its position in Amazon.com by 17.4% in the 4th quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock valued at $81,000 after acquiring an additional 8 shares in the last quarter. Finally, Heritage Trust Co grew its position in Amazon.com by 3.4% in the 4th quarter. Heritage Trust Co now owns 272 shares of the e-commerce giant’s stock valued at $409,000 after acquiring an additional 9 shares in the last quarter. 55.96% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on AMZN shares. DA Davidson lifted their target price on Amazon.com to $2,550.00 and gave the company a “buy” rating in a research report on Friday, April 26th. BMO Capital Markets lifted their target price on Amazon.com from $2,250.00 to $2,300.00 and gave the company an “outperform” rating in a research report on Wednesday, January 30th. Guggenheim reaffirmed a “buy” rating and issued a $2,000.00 target price on shares of Amazon.com in a research report on Thursday, January 31st. Benchmark dropped their target price on Amazon.com from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a research report on Wednesday, January 30th. Finally, JMP Securities lifted their price objective on Amazon.com from $2,050.00 to $2,275.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Five research analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $2,181.89.



In related news, CEO Jeffrey A. Wilke sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $1,926.29, for a total transaction of $4,815,725.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $19,262,900. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 1,645 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $1,614.65, for a total value of $2,656,099.25. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $16,146,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,075 shares of company stock valued at $21,454,483. 16.10% of the stock is owned by company insiders.

AMZN stock opened at $1,840.12 on Wednesday. The company has a market cap of $930.49 billion, a P/E ratio of 91.37, a price-to-earnings-growth ratio of 2.16 and a beta of 1.62. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,050.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.83.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, topping the consensus estimate of $4.61 by $2.48. The firm had revenue of $59.70 billion during the quarter, compared to analysts’ expectations of $59.73 billion. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.27 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 26.59 earnings per share for the current fiscal year.

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About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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