Amazon.com, Inc. (NASDAQ:AMZN) is Dakota Wealth Management’s 5th Largest Position

Dakota Wealth Management raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 331,911 shares of the e-commerce giant’s stock after purchasing an additional 7,021 shares during the quarter. Amazon.com comprises about 2.0% of Dakota Wealth Management’s investment portfolio, making the stock its 5th biggest holding. Dakota Wealth Management’s holdings in Amazon.com were worth $50,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in AMZN. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 4.4% in 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 period. FMR LLC boosted its holdings in shares of Amazon.com by 7.7% in the 3rd 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 period. Northern Trust Corp boosted its holdings in shares of Amazon.com by 3.7% in the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after purchasing an additional 3,260,411 shares during the period. Jennison Associates LLC boosted its holdings in shares of Amazon.com by 28.4% in the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after purchasing an additional 12,176,114 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Amazon.com by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock worth $6,406,216,000 after purchasing an additional 1,374,052 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Mizuho lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday. Roth Mkm restated a “buy” rating and set a $210.00 price objective (up previously from $205.00) on shares of Amazon.com in a report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a report on Wednesday. Morgan Stanley boosted their price objective on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Moffett Nathanson restated a “buy” rating and set a $228.00 price objective on shares of Amazon.com in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $211.07.

Amazon.com Price Performance

AMZN stock opened at $186.21 on Friday. The business’s 50-day moving average is $178.79 and its two-hundred day moving average is $159.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.84. The firm has a market capitalization of $1.93 trillion, a P/E ratio of 52.16, a P/E/G ratio of 1.55 and a beta of 1.15. Amazon.com, Inc. has a 1 year low of $103.31 and a 1 year high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter last year, the company earned $0.31 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 4.12 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com 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 completion of the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,217,010 shares of company stock worth $5,506,442,301. 10.80% of the stock is currently owned by corporate insiders.

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.