Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,529 shares of the e-commerce giant’s stock after purchasing an additional 5,336 shares during the quarter. Amazon.com makes up 0.6% of Ballentine Partners LLC’s portfolio, making the stock its 24th biggest holding. Ballentine Partners LLC’s holdings in Amazon.com were worth $33,206,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new position in Amazon.com during the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC acquired a new position in Amazon.com during the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new position in Amazon.com during the first quarter valued at approximately $40,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer owned 512,050 shares in the company, valued at approximately $111,114,850. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,102,037 shares of company stock worth $5,674,937,048. 9.70% of the stock is owned by insiders.

Amazon.com Stock Down 0.2%

Shares of Amazon.com stock opened at $222.69 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The business’s 50 day simple moving average is $219.65 and its 200-day simple moving average is $208.98. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 33.95, a PEG ratio of 1.50 and a beta of 1.31. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMZN. Wedbush lifted their price target on shares of Amazon.com from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Cowen reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Bank of America upped their target price on Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Roth Capital set a $250.00 target price on Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Finally, Susquehanna upped their target price on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $262.45.

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.