Amazon.com, Inc. (NASDAQ:AMZN) is Partnervest Advisory Services LLC’s 9th Largest Positionby Danessa Lincoln
Partnervest Advisory Services LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,379 shares of the e-commerce giant’s stock after buying an additional 291 shares during the period. Amazon.com accounts for about 1.2% of Partnervest Advisory Services LLC’s investment portfolio, making the stock its 9th biggest holding. Partnervest Advisory Services LLC’s holdings in Amazon.com were worth $2,689,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of AMZN. Wealth Quarterback LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at $2,313,511,000. State Street Corp lifted its holdings in shares of Amazon.com by 1.2% during the 4th quarter. State Street Corp now owns 16,906,057 shares of the e-commerce giant’s stock valued at $31,239,688,000 after purchasing an additional 200,105 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Amazon.com by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 5,901,043 shares of the e-commerce giant’s stock valued at $10,879,622,000 after purchasing an additional 188,730 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Amazon.com by 1.3% during the 4th quarter. Baillie Gifford & Co. now owns 4,493,110 shares of the e-commerce giant’s stock valued at $8,302,548,000 after purchasing an additional 56,178 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter valued at $8,070,972,000. Institutional investors own 64.58% of the company’s stock.
Several analysts have recently commented on the company. MKM Partners increased their price objective on Amazon.com from $2,500.00 to $2,525.00 and gave the company a “buy” rating in a report on Friday, May 1st. Cfra raised their target price on Amazon.com from $1,950.00 to $2,300.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Raymond James raised their target price on Amazon.com from $2,400.00 to $2,525.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Benchmark raised their target price on Amazon.com from $2,450.00 to $2,650.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, UBS Group raised their target price on Amazon.com from $2,440.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $2,538.89.
Shares of Amazon.com stock opened at $2,401.10 on Friday. The firm has a market capitalization of $1,202.24 billion, a PE ratio of 114.72, a P/E/G ratio of 5.09 and a beta of 1.34. Amazon.com, Inc. has a twelve month low of $1,626.03 and a twelve month high of $2,525.45. The firm’s 50-day moving average price is $2,339.09 and its 200 day moving average price is $1,993.99. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, April 30th. The e-commerce giant reported $5.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $6.36 by ($1.35). The company had revenue of $75.45 billion during the quarter, compared to analysts’ expectations of $74.15 billion. Amazon.com had a net margin of 3.56% and a return on equity of 17.83%. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the business posted $7.09 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 19.75 EPS for the current fiscal year.
In other Amazon.com news, SVP David Zapolsky sold 352 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $2,300.19, for a total value of $809,666.88. Following the transaction, the senior vice president now directly owns 4,015 shares of the company’s stock, valued at approximately $9,235,262.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Indra K. Nooyi bought 100 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was acquired at an average cost of $1,930.41 per share, for a total transaction of $193,041.00. Following the completion of the purchase, the director now directly owns 352 shares in the company, valued at $679,504.32. The disclosure for this purchase can be found here. Insiders sold a total of 9,497 shares of company stock worth $21,605,827 over the last ninety days. 16.10% of the stock is currently owned by corporate insiders.
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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