Roundview Capital LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,376 shares of the e-commerce giant’s stock after purchasing an additional 7,558 shares during the period. Amazon.com comprises 2.8% of Roundview Capital LLC’s portfolio, making the stock its 6th biggest position. Roundview Capital LLC’s holdings in Amazon.com were worth $38,124,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Amazon.com by 2.2% during 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% during the 4th 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 in the last quarter. Geode Capital Management LLC raised its position in 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 valued at $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in 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 valued at $40,107,544,000 after purchasing an additional 4,087,933 shares in the last quarter. Finally, Norges Bank bought a new stake in Amazon.com during the 4th quarter valued at $27,266,582,000. 72.20% of the stock is owned by institutional investors.
Amazon.com Stock Down 0.8%
Shares of AMZN stock opened at $221.95 on Friday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The stock’s fifty day moving average price is $222.30 and its 200 day moving average price is $208.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a market cap of $2.37 trillion, a price-to-earnings ratio of 33.83, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31.
Analyst Upgrades and Downgrades
AMZN has been the subject of a number of research analyst reports. 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. Westpark Capital reiterated a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. DA Davidson lifted their price target on Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a report on Friday, August 1st. Cantor Fitzgerald lifted their price target on Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Moffett Nathanson lifted their price target on Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a report on Tuesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $262.87.
Get Our Latest Report on Amazon.com
Insiders Place Their Bets
In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 25,012,284 shares of company stock worth $5,656,976,492. 9.70% of the stock is owned by insiders.
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.
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