Stifel Financial Corp Has $1.24 Billion Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Stifel Financial Corp boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,140,171 shares of the e-commerce giant’s stock after acquiring an additional 166,640 shares during the period. Amazon.com comprises about 1.6% of Stifel Financial Corp’s portfolio, making the stock its 3rd largest position. Stifel Financial Corp owned approximately 0.08% of Amazon.com worth $1,236,819,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Portfolio Design Labs LLC bought a new stake in Amazon.com during the 4th quarter valued at $9,657,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Amazon.com by 2.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 968,253 shares of the e-commerce giant’s stock worth $147,116,000 after purchasing an additional 19,966 shares during the last quarter. CAP Partners LLC purchased a new position in Amazon.com in the fourth quarter valued at about $2,285,000. AAFMAA Wealth Management & Trust LLC raised its holdings in Amazon.com by 32.2% in the fourth quarter. AAFMAA Wealth Management & Trust LLC now owns 30,916 shares of the e-commerce giant’s stock worth $4,697,000 after purchasing an additional 7,525 shares in the last quarter. Finally, 3Chopt Investment Partners LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at about $2,069,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.4 %

Shares of NASDAQ AMZN opened at $184.30 on Friday. The firm has a market cap of $1.92 trillion, a price-to-earnings ratio of 51.62, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. The company’s 50-day simple moving average is $182.53 and its 200-day simple moving average is $168.83. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $191.70.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the previous year, the firm posted $0.31 EPS. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMZN. Piper Sandler boosted their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Morgan Stanley upped their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Monness Crespi & Hardt raised their price objective on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Tigress Financial upped their target price on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Finally, Robert W. Baird raised their price target on Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $213.82.

Read Our Latest Stock Report on AMZN

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $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, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,838 shares of company stock worth $11,984,344. 10.80% of the stock is owned by corporate insiders.

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.

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

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