Verde Servicos Internacionais S.A. Has $8.99 Million Stake in Amazon.com, Inc. $AMZN

Verde Servicos Internacionais S.A. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,995 shares of the e-commerce giant’s stock after purchasing an additional 1,881 shares during the quarter. Amazon.com comprises about 3.9% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 9th biggest holding. Verde Servicos Internacionais S.A.’s holdings in Amazon.com were worth $8,994,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Brighton Jones LLC grew its holdings in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after acquiring an additional 397,007 shares during the period. Revolve Wealth Partners LLC grew its stake in Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after purchasing an additional 986 shares during the period. Bank Pictet & Cie Europe AG grew its stake in Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE grew its stake in Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC purchased a new stake in Amazon.com in the fourth quarter worth $2,153,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.5%

Shares of NASDAQ:AMZN opened at $230.30 on Thursday. The stock has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.11, a PEG ratio of 1.51 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock’s 50-day simple moving average is $225.17 and its two-hundred day simple moving average is $215.34. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate 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 revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the firm posted $1.26 earnings per share. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at $10,914,260. The trade was a 26.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 97,911 shares of company stock worth $21,765,202. Insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMZN shares. UBS Group reaffirmed a “buy” rating and issued a $279.00 target price (up from $271.00) on shares of Amazon.com in a research report on Tuesday. Truist Financial upped their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Arete upped their price objective on shares of Amazon.com from $248.00 to $253.00 and gave the stock a “buy” rating in a report on Monday. Pivotal Research upped their price target on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Four investment analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $268.54.

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.