Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Highlander Partners L.P.

Highlander Partners L.P. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,100 shares of the e-commerce giant’s stock after purchasing an additional 4,700 shares during the period. Amazon.com makes up 14.3% of Highlander Partners L.P.’s holdings, making the stock its 2nd biggest holding. Highlander Partners L.P.’s holdings in Amazon.com were worth $9,616,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kavar Capital Partners Group LLC grew its holdings in Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after acquiring an additional 79 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after acquiring an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. grew its holdings in Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after acquiring an additional 15 shares in the last quarter. Markel Corp lifted its position in shares of Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after buying an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC lifted its position in shares of Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after buying an additional 540 shares during the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Trading Up 0.3 %

NASDAQ AMZN opened at $93.76 on Tuesday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The company’s 50 day moving average price is $94.28 and its 200 day moving average price is $105.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The firm has a market capitalization of $960.78 billion, a price-to-earnings ratio of -349.84, a PEG ratio of 3.85 and a beta of 1.22.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business had revenue of $149.20 billion during the quarter, compared to analysts’ expectations of $145.72 billion. During the same quarter in the previous year, the business posted $1.39 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Amazon.com, Inc. will post 1.34 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. Oppenheimer boosted their price objective on shares of Amazon.com from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Piper Sandler boosted their price objective on shares of Amazon.com from $119.00 to $123.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $130.00 to $142.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. Cowen upped their price target on shares of Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, December 1st. Finally, Telsey Advisory Group reduced their price target on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, January 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.87.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 7,456 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.90, for a total transaction of $707,574.40. Following the completion of the sale, the chief executive officer now owns 564,298 shares of the company’s stock, valued at $53,551,880.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 7,456 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.90, for a total transaction of $707,574.40. Following the completion of the sale, the chief executive officer now owns 564,298 shares of the company’s stock, valued at $53,551,880.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 6,704 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $636,276.64. Following the sale, the senior vice president now directly owns 87,036 shares of the company’s stock, valued at approximately $8,260,586.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,394 shares of company stock worth $6,619,426. Company insiders own 12.70% of the company’s stock.

About Amazon.com

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.