Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Guardian Capital LP

Guardian Capital LP increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,391 shares of the e-commerce giant’s stock after acquiring an additional 1,722 shares during the quarter. Guardian Capital LP’s holdings in Amazon.com were worth $5,571,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Norges Bank bought a new position in Amazon.com in the 4th quarter worth about $27,266,582,000. Capital World Investors grew its position in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. grew its position in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC grew its position in Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares during the last quarter. Finally, Capital International Investors grew its position in Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock worth $12,564,961,000 after purchasing an additional 12,000,745 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 4,784 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $205.05, for a total transaction of $980,959.20. Following the transaction, the chief executive officer now owns 514,150 shares in the company, valued at $105,426,457.50. This represents a 0.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,081 shares of company stock worth $17,421,044 in the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on AMZN shares. DA Davidson decreased their target price on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Jefferies Financial Group decreased their target price on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Piper Sandler restated an “overweight” rating and issued a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Wedbush reiterated an “outperform” rating and issued a $235.00 price objective (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Finally, Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $244.09.

Amazon.com Stock Down 1.0%

AMZN stock opened at $204.07 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 company has a market cap of $2.17 trillion, a price-to-earnings ratio of 36.90, a PEG ratio of 1.50 and a beta of 1.30. The company has a 50 day moving average of $189.68 and a two-hundred day moving average of $208.79.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

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.