Diversified Portfolios Inc. Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Diversified Portfolios Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,915 shares of the e-commerce giant’s stock after buying an additional 381 shares during the period. Diversified Portfolios Inc.’s holdings in Amazon.com were worth $1,203,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PayPay Securities Corp grew its stake in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the last quarter. Harbor Investment Advisory LLC grew its position in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares during the period. Authentikos Wealth Advisory LLC purchased a new stake in shares of Amazon.com in the third quarter valued at $49,000. Finally, Bruce G. Allen Investments LLC acquired a new position in Amazon.com in the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several recent analyst reports. Benchmark restated a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. BMO Capital Markets increased their price target on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, The Goldman Sachs Group upped their price objective on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One equities research 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 data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $211.62.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total transaction of $631,015.00. Following the transaction, the chief executive officer now owns 509,358 shares in the company, valued at $91,832,153.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total transaction of $631,015.00. Following the completion of the transaction, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders sold 32,217,010 shares of company stock valued at $5,506,442,301 in the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 1.3 %

AMZN stock opened at $188.70 on Tuesday. The company has a market capitalization of $1.96 trillion, a PE ratio of 52.86, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a one year low of $104.70 and a one year high of $189.77. The company’s 50 day moving average price is $179.29 and its two-hundred day moving average price is $161.18.

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 return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the prior year, the business posted $0.31 EPS. Amazon.com’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Amazon.com Company 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.