Amazon.com, Inc. (NASDAQ:AMZN) is Daymark Wealth Partners LLC’s 5th Largest Position

Daymark Wealth Partners LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,177 shares of the e-commerce giant’s stock after acquiring an additional 8,586 shares during the quarter. Amazon.com comprises approximately 2.7% of Daymark Wealth Partners LLC’s holdings, making the stock its 5th biggest position. Daymark Wealth Partners LLC’s holdings in Amazon.com were worth $62,819,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Amazon.com in the 4th quarter worth approximately $27,266,582,000. GAMMA Investing LLC boosted its stake in Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Capital World Investors boosted its stake 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 period. Vanguard Group Inc. boosted its stake 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 period. Finally, Proficio Capital Partners LLC boosted its stake 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 period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,442,187 shares of Amazon.com stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $225.89, for a total value of $551,665,621.43. Following the transaction, the insider owned 895,279,901 shares in the company, valued at $202,234,776,836.89. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the transaction, the chief executive officer owned 514,550 shares in the company, valued at $113,231,873. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,602,037 shares of company stock valued at $3,044,172,641 over the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

AMZN stock opened at $223.19 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The business has a 50-day moving average price of $212.21 and a 200 day moving average price of $208.60. The company has a market capitalization of $2.37 trillion, a P/E ratio of 36.35, a PEG ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during 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 firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Cantor Fitzgerald upped their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “overweight” rating in a research note on Wednesday. Telsey Advisory Group reiterated an “outperform” rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, July 10th. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the company an “outperform” rating in a research report on Tuesday, July 1st. BNP Paribas upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Finally, Wedbush reiterated an “outperform” rating and set a $235.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $250.35.

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.