Dearborn Partners LLC Has $2.87 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Dearborn Partners LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,863 shares of the e-commerce giant’s stock after acquiring an additional 115 shares during the period. Dearborn Partners LLC’s holdings in Amazon.com were worth $2,866,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Amazon.com by 16,029.3% during the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after purchasing an additional 23,717,254 shares during the period. FMR LLC increased its position in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the last quarter. Jennison Associates LLC increased its position in Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after buying an additional 12,176,114 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in Amazon.com in the third quarter valued at approximately $610,138,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 3.4 %

AMZN opened at $179.62 on Friday. The company has a market cap of $1.87 trillion, a P/E ratio of 61.94, a PEG ratio of 1.53 and a beta of 1.16. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $177.99 and its 200-day moving average is $158.59. Amazon.com, Inc. has a 1-year low of $101.15 and a 1-year high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. Equities research analysts predict that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last 90 days. 10.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $205.00 target price on shares of Amazon.com in a report on Thursday, April 18th. Robert W. Baird upped their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. JMP Securities restated a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Wednesday. Roth Mkm reaffirmed a “buy” rating and set a $205.00 target price on shares of Amazon.com in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $190.00 to $225.00 and gave the company an “overweight” 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $205.13.

About Amazon.com

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.