Cornerstone Advisors LLC Has $80.19 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cornerstone Advisors LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 527,800 shares of the e-commerce giant’s stock after selling 37,200 shares during the quarter. Amazon.com comprises 3.5% of Cornerstone Advisors LLC’s portfolio, making the stock its 4th largest holding. Cornerstone Advisors LLC’s holdings in Amazon.com were worth $80,194,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. Bank Pictet & Cie Europe AG grew its holdings in Amazon.com by 9.1% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 1,752,481 shares of the e-commerce giant’s stock worth $222,775,000 after buying an additional 146,448 shares in the last quarter. CPA Asset Management LLC boosted its stake in Amazon.com by 11.3% during the 3rd quarter. CPA Asset Management LLC now owns 2,560 shares of the e-commerce giant’s stock valued at $325,000 after purchasing an additional 260 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in Amazon.com by 4.1% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 16,500 shares of the e-commerce giant’s stock valued at $2,097,000 after purchasing an additional 654 shares in the last quarter. ML & R Wealth Management LLC boosted its stake in Amazon.com by 122.6% during the 3rd quarter. ML & R Wealth Management LLC now owns 7,569 shares of the e-commerce giant’s stock valued at $962,000 after purchasing an additional 4,169 shares in the last quarter. Finally, Diversified LLC boosted its stake in Amazon.com by 16.4% during the 3rd quarter. Diversified LLC now owns 7,745 shares of the e-commerce giant’s stock valued at $985,000 after purchasing an additional 1,091 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Up 2.1 %

Amazon.com stock opened at $185.00 on Friday. 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 company has a market capitalization of $1.93 trillion, a price-to-earnings ratio of 51.82, a PEG ratio of 1.28 and a beta of 1.14. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $191.70. The company’s fifty day moving average price is $182.46 and its two-hundred day moving average price is $168.39.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. On average, analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the sale, the chief executive officer now directly owns 2,025,358 shares in the company, valued at $367,480,955.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,838 shares of company stock valued at $11,984,344. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. Robert W. Baird increased their price target on Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Citigroup increased their price target on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Moffett Nathanson reaffirmed a “buy” rating and set a $228.00 price target on shares of Amazon.com in a research note on Thursday, April 11th. Finally, Stifel Nicolaus increased their price objective on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus target price of $212.40.

Check Out Our Latest Stock Analysis on Amazon.com

Amazon.com Profile

(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.

See Also

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

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