Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 5.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,996 shares of the e-commerce giant’s stock after acquiring an additional 4,263 shares during the period. Amazon.com accounts for about 1.9% of Shepherd Financial Partners LLC’s holdings, making the stock its 12th biggest position. Shepherd Financial Partners LLC’s holdings in Amazon.com were worth $16,552,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Tallon Kerry Patrick acquired a new position in Amazon.com during the 4th quarter worth approximately $800,000. Capital & Planning LLC increased its position in Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock worth $856,000 after purchasing an additional 1,635 shares during the period. LaFleur & Godfrey LLC increased its position in Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock worth $10,839,000 after purchasing an additional 860 shares during the period. Brighton Jones LLC increased its position in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in Amazon.com during the 4th quarter worth approximately $301,650,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AMZN shares. Telsey Advisory Group reiterated an “outperform” rating and set a $235.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Needham & Company LLC reiterated a “buy” rating and set a $220.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Morgan Stanley dropped their target price on Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Piper Sandler reiterated an “overweight” rating and set a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Citizens Jmp lowered their price target on Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $245.60.

Check Out Our Latest Analysis on Amazon.com

Amazon.com Stock Performance

NASDAQ AMZN opened at $223.13 on Friday. The business’s 50-day moving average price is $206.44 and its 200 day moving average price is $208.62. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market capitalization of $2.37 trillion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the transaction, the senior vice president directly owned 47,030 shares in the company, valued at $9,519,342.30. This trade represents a 22.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the transaction, the chief financial officer owned 49,000 shares in the company, valued at approximately $9,876,930. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,426,963 shares of company stock worth $757,297,707. Corporate insiders own 9.70% of the company’s stock.

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.

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

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