TPG Advisors LLC Has $1.68 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

TPG Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,805 shares of the e-commerce giant’s stock after purchasing an additional 88 shares during the quarter. Amazon.com accounts for 1.3% of TPG Advisors LLC’s investment portfolio, making the stock its 24th largest holding. TPG Advisors LLC’s holdings in Amazon.com were worth $1,675,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the 4th quarter valued at $27,000. LSV Asset Management purchased a new stake in Amazon.com in the 4th quarter valued at $35,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter valued at $40,000. Finally, Perritt Capital Management Inc raised its position in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 80 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMZN shares. Oppenheimer increased their price target on Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an “outperform” rating in a research report on Tuesday, July 1st. Bank of America increased their price target on Amazon.com from $230.00 to $248.00 and gave the company a “buy” rating in a research report on Monday, June 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $220.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.35.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 733,195 shares of the firm’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total value of $166,449,928.90. Following the sale, the insider owned 894,546,706 shares of the company’s stock, valued at $203,079,993,196.12. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s 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 sale, the chief executive officer directly owned 514,550 shares in the company, valued at approximately $113,231,873. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,335,232 shares of company stock worth $3,210,622,570. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.0%

Shares of NASDAQ AMZN opened at $226.13 on Monday. The business has a 50-day simple moving average of $213.50 and a two-hundred day simple moving average of $208.51. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a market cap of $2.40 trillion, a P/E ratio of 36.83, a P/E/G ratio of 1.69 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results 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. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter last year, the firm posted $0.98 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. Research 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.