Leeward Financial Partners LLC Has $7.27 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Leeward Financial Partners LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the fourth quarter, HoldingsChannel reports. The fund owned 47,864 shares of the e-commerce giant’s stock after selling 1,418 shares during the quarter. Amazon.com accounts for approximately 3.5% of Leeward Financial Partners LLC’s investment portfolio, making the stock its 7th largest holding. Leeward Financial Partners LLC’s holdings in Amazon.com were worth $7,272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted 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 acquiring an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC increased its stake in Amazon.com by 16,029.3% in 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 lifted its position in shares of 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 purchasing an additional 21,649,871 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of 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 valued at $6,989,254,000 after purchasing an additional 12,176,114 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Amazon.com in the third quarter worth about $610,138,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of 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 is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock worth $5,505,889,146 over the last three months. Company insiders own 10.30% of the company’s stock.

Amazon.com Trading Up 3.4 %

Shares of NASDAQ:AMZN opened at $179.62 on Monday. The business has a 50-day moving average price of $177.99 and a 200-day moving average price of $158.98. The stock has a market cap of $1.87 trillion, a price-to-earnings ratio of 61.94, a PEG ratio of 1.55 and a beta of 1.16. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week 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.

Amazon.com (NASDAQ:AMZN) last announced 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 analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 EPS. Equities analysts predict that Amazon.com, Inc. will post 4.11 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Barclays lifted their price target on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Citigroup increased their price objective on Amazon.com from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Evercore ISI lifted their target price on Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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.