Eagle Bay Advisors LLC Acquires 5,107 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Eagle Bay Advisors LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 33.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,357 shares of the e-commerce giant’s stock after purchasing an additional 5,107 shares during the period. Amazon.com accounts for about 2.0% of Eagle Bay Advisors LLC’s portfolio, making the stock its 11th largest position. Eagle Bay Advisors LLC’s holdings in Amazon.com were worth $3,093,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC boosted its holdings 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 valued at $36,260,810,000 after acquiring an additional 23,717,254 shares during the last quarter. FMR LLC boosted its holdings in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in Amazon.com in the third quarter valued at about $610,138,000. Finally, Northern Trust Corp boosted its holdings in Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after acquiring an additional 3,260,411 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $179.34 on Wednesday. The stock has a market capitalization of $1.87 trillion, a PE ratio of 50.24, a P/E/G ratio of 1.26 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The business has a fifty day moving average price of $182.33 and a two-hundred day moving average price of $168.18. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $191.70.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data 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. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, April 1st. The stock was 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 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 Securities & Exchange Commission, which is available through this link. In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was 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 approximately $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 62,338 shares of company stock valued at $11,363,829 in the last three months. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent research reports. Moffett Nathanson reiterated a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. DA Davidson reissued a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. Wedbush reissued an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Telsey Advisory Group increased their target price on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, BMO Capital Markets increased their target price on Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $212.40.

Check Out Our Latest Research Report on Amazon.com

About Amazon.com

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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