Broadleaf Partners LLC Has $24.62 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Broadleaf Partners LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,231 shares of the e-commerce giant’s stock after selling 1,446 shares during the quarter. Amazon.com accounts for approximately 5.8% of Broadleaf Partners LLC’s investment portfolio, making the stock its 4th largest position. Broadleaf Partners LLC’s holdings in Amazon.com were worth $24,622,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. FMR LLC lifted its holdings in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares during the last quarter. Norges Bank purchased a new stake in Amazon.com in the 4th quarter worth about $27,266,582,000. Finally, Bank of New York Mellon Corp lifted its stake in Amazon.com by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant’s stock worth $14,719,407,000 after acquiring an additional 545,292 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research analyst reports. Oppenheimer reduced their price objective on Amazon.com from $260.00 to $220.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Mizuho reduced their price objective on Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Tigress Financial increased their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. StockNews.com downgraded Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Finally, Cantor Fitzgerald increased their price objective on Amazon.com from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $244.09.

Amazon.com Trading Up 1.3%

Shares of AMZN stock opened at $211.37 on Wednesday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $188.72 and its two-hundred day moving average is $208.27. The company has a market cap of $2.24 trillion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.98 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,798 shares of company stock worth $17,486,053. Insiders own 9.70% of the company’s stock.

Amazon.com 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.