Greenline Partners LLC Acquires 5,545 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Greenline Partners LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,739 shares of the e-commerce giant’s stock after acquiring an additional 5,545 shares during the quarter. Amazon.com accounts for 1.6% of Greenline Partners LLC’s portfolio, making the stock its 17th biggest holding. Greenline Partners LLC’s holdings in Amazon.com were worth $11,132,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AMZN. Regent Peak Wealth Advisors LLC increased its stake in Amazon.com by 0.7% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant’s stock worth $9,906,000 after acquiring an additional 318 shares during the last quarter. RMR Wealth Builders increased its stake in Amazon.com by 2.5% in the 4th quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant’s stock worth $15,450,000 after acquiring an additional 1,690 shares during the last quarter. Mayfair Advisory Group LLC increased its stake in Amazon.com by 13.4% in the 4th quarter. Mayfair Advisory Group LLC now owns 5,697 shares of the e-commerce giant’s stock worth $1,250,000 after acquiring an additional 672 shares during the last quarter. Fiduciary Financial Group LLC increased its stake in Amazon.com by 19.5% in the 4th quarter. Fiduciary Financial Group LLC now owns 9,249 shares of the e-commerce giant’s stock worth $2,025,000 after acquiring an additional 1,511 shares during the last quarter. Finally, 626 Financial LLC increased its position in shares of Amazon.com by 0.6% during the 4th quarter. 626 Financial LLC now owns 36,176 shares of the e-commerce giant’s stock valued at $7,937,000 after purchasing an additional 229 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.0%

Shares of NASDAQ:AMZN opened at $200.99 on Tuesday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market cap of $2.13 trillion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.50 and a beta of 1.30. 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 has a 50-day moving average price of $190.16 and a 200-day moving average price of $208.75.

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 firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several analyst reports. DA Davidson cut their target price on Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Loop Capital boosted their target price on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Oppenheimer cut their target price on Amazon.com from $260.00 to $220.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Scotiabank cut their target price on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 21st. Finally, Phillip Securities downgraded Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.09.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer now owns 2,148,694 shares of the company’s stock, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is owned by corporate insiders.

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.