Barnes Dennig Private Wealth Management LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Barnes Dennig Private Wealth Management LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,704 shares of the e-commerce giant’s stock, valued at approximately $514,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of 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 valued at $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. FMR LLC raised its position in Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares during the period. Geode Capital Management LLC lifted its stake in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after buying an additional 4,087,933 shares during the period. Finally, Norges Bank purchased a new stake in shares of Amazon.com in the fourth quarter worth about $27,266,582,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,339,470 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $229.39, for a total transaction of $536,651,023.30. Following the completion of the sale, the insider directly owned 887,933,999 shares of the company’s stock, valued at $203,683,180,030.61. This trade represents a 0.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the chief executive officer owned 514,550 shares of the company’s stock, valued at approximately $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,947,939 shares of company stock valued at $4,720,588,785. Insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $230.00 to $266.00 in a report on Tuesday. Morgan Stanley increased their price objective on shares of Amazon.com from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Scotiabank boosted their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Tuesday. Citigroup raised their price target on shares of Amazon.com from $225.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Bank of America boosted their price objective on shares of Amazon.com from $248.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $254.33.

Amazon.com Trading Up 1.7%

Shares of NASDAQ AMZN opened at $232.23 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. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The business has a 50-day moving average price of $215.14 and a two-hundred day moving average price of $208.84. The firm has a market capitalization of $2.47 trillion, a PE ratio of 37.82, a PEG ratio of 1.70 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the business posted $0.98 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com 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.