Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Geneva Partners LLC

Geneva Partners LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 22.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,708 shares of the e-commerce giant's stock after purchasing an additional 13,369 shares during the period. Amazon.com makes up about 6.4% of Geneva Partners LLC's holdings, making the stock its 3rd biggest holding. Geneva Partners LLC's holdings in Amazon.com were worth $15,732,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AMZN. Accordant Advisory Group Inc raised its holdings in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the last quarter. Icon Wealth Advisors LLC increased its position in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after acquiring an additional 25,581 shares during the period. Hoese & Co LLP bought a new position in shares of Amazon.com during the third quarter valued at about $37,000. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com during the third quarter worth about $45,000. Finally, Quattro Financial Advisors LLC grew its stake in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

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Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,649 shares of company stock valued at $23,871,905 in the last 90 days. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

Shares of AMZN stock traded down $7.66 on Thursday, reaching $200.70. 49,660,564 shares of the company were exchanged, compared to its average volume of 37,869,711. The company has a market cap of $2.13 trillion, a price-to-earnings ratio of 36.29, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The business has a 50-day moving average price of $224.60 and a 200 day moving average price of $206.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AMZN shares. Piper Sandler reaffirmed an "overweight" rating and set a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Sanford C. Bernstein lifted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. JMP Securities reiterated a "market outperform" rating and set a $285.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, The Goldman Sachs Group lifted their price objective on Amazon.com from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $260.65.

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.