Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Burford Brothers Inc.

Burford Brothers Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,971 shares of the e-commerce giant’s stock after purchasing an additional 431 shares during the period. Amazon.com comprises approximately 2.1% of Burford Brothers Inc.’s investment portfolio, making the stock its 10th biggest holding. Burford Brothers Inc.’s holdings in Amazon.com were worth $4,370,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. FMR LLC boosted its stake in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares during the period. Geode Capital Management LLC increased its holdings in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Amazon.com by 2.3% during the 4th 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 acquiring an additional 4,087,933 shares during the last quarter. Finally, Norges Bank bought a new stake in Amazon.com in the 4th quarter valued at $27,266,582,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on AMZN shares. Pivotal Research upped their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 1st. Wells Fargo & Company upped their price target on shares of Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Susquehanna increased their price target on shares of Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a report on Friday, August 1st. Wedbush boosted their price objective on Amazon.com from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, Scotiabank upped their target price on Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $262.45.

Amazon.com Stock Up 3.9%

Shares of AMZN opened at $222.19 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 33.87, a PEG ratio of 1.44 and a beta of 1.31. The stock has a fifty day moving average of $218.92 and a 200-day moving average of $209.05.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the company earned $1.26 earnings per share. The business’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 25,102,037 shares of company stock valued at $5,674,937,048. 9.70% of the stock is owned by company insiders.

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.