Ballentine Partners LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Ballentine Partners LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 135,804 shares of the e-commerce giant’s stock after purchasing an additional 13,266 shares during the quarter. Amazon.com makes up approximately 0.4% of Ballentine Partners LLC’s portfolio, making the stock its 27th biggest position. Ballentine Partners LLC’s holdings in Amazon.com were worth $20,634,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Bridgefront Capital LLC purchased a new stake in Amazon.com in the first quarter worth $228,000. Krane Funds Advisors LLC lifted its stake in Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares during the period. Range Financial Group LLC purchased a new stake in Amazon.com in the first quarter worth $258,000. My Personal CFO LLC purchased a new position in Amazon.com during the first quarter valued at $261,000. Finally, Worth Asset Management LLC purchased a new position in Amazon.com during the first quarter valued at $191,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.1 %

AMZN stock opened at $179.22 on Friday. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.86 trillion, a P/E ratio of 61.80, a PEG ratio of 1.60 and a beta of 1.16. The business’s 50-day moving average price is $177.28 and its 200-day moving average price is $156.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the previous year, the firm earned $0.21 EPS. The business’s quarterly revenue was up 13.9% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the transaction, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,213,510 shares of company stock valued at $5,505,798,456. Corporate insiders own 12.30% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several recent research reports. Monness Crespi & Hardt raised their price objective on Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Susquehanna raised their price objective on Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, February 2nd. The Goldman Sachs Group raised their price target on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Telsey Advisory Group restated an “outperform” rating and set a $200.00 price target on shares of Amazon.com in a report on Wednesday, March 27th. Finally, Oppenheimer raised their price target on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $202.80.

Amazon.com Profile

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.