Vantage Investment Partners LLC Has $37.58 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Vantage Investment Partners LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 387.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 197,505 shares of the e-commerce giant’s stock after purchasing an additional 156,957 shares during the period. Amazon.com makes up approximately 3.2% of Vantage Investment Partners LLC’s holdings, making the stock its 10th biggest position. Vantage Investment Partners LLC’s holdings in Amazon.com were worth $37,577,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in Amazon.com during the fourth quarter valued at approximately $35,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com during the first quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc lifted its stake in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $225.02 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.39 trillion, a PE ratio of 36.65, a PEG ratio of 1.67 and a beta of 1.33. The firm’s fifty day simple moving average is $209.90 and its 200 day simple moving average is $208.63. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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 company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610. Company insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMZN. UBS Group restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Benchmark restated a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. BNP Paribas upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Oppenheimer upped their price target on shares of Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Finally, Citizens Jmp assumed coverage on shares of Amazon.com in a research report on Thursday. They issued a “strong-buy” rating for the company. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $249.42.

Amazon.com Company 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.