Davis Investment Partners LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 71.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,856 shares of the e-commerce giant's stock after acquiring an additional 3,282 shares during the period. Amazon.com accounts for about 0.6% of Davis Investment Partners LLC's portfolio, making the stock its 28th biggest position. Davis Investment Partners LLC's holdings in Amazon.com were worth $1,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. DecisionPoint Financial LLC raised its holdings in shares of Amazon.com by 221.9% during the 4th quarter. DecisionPoint Financial LLC now owns 3,219 shares of the e-commerce giant's stock worth $489,000 after buying an additional 2,219 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in Amazon.com by 0.8% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,210,725 shares of the e-commerce giant's stock worth $183,958,000 after acquiring an additional 9,082 shares in the last quarter. Telos Capital Management Inc. lifted its holdings in shares of Amazon.com by 0.8% in the fourth quarter. Telos Capital Management Inc. now owns 94,854 shares of the e-commerce giant's stock worth $14,412,000 after acquiring an additional 784 shares during the last quarter. Archer Investment Corp boosted its stake in shares of Amazon.com by 2.3% in the 4th quarter. Archer Investment Corp now owns 13,268 shares of the e-commerce giant's stock valued at $2,016,000 after purchasing an additional 300 shares in the last quarter. Finally, Oakworth Capital Inc. grew its holdings in shares of Amazon.com by 4.4% during the 4th quarter. Oakworth Capital Inc. now owns 21,684 shares of the e-commerce giant's stock valued at $3,295,000 after purchasing an additional 910 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Amazon.com
In related news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the sale, the chief executive officer now directly owns 519,753 shares in the company, valued at approximately $101,866,390.47. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is owned by company insiders.
Amazon.com Stock Performance
Shares of Amazon.com stock traded up $4.56 on Thursday, reaching $177.89. 40,100,429 shares of the company traded hands, compared to its average volume of 42,520,766. The company has a 50 day moving average of $181.93 and a 200 day moving average of $181.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The firm has a market capitalization of $1.85 trillion, a PE ratio of 49.86, a PEG ratio of 1.34 and a beta of 1.15.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Equities analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. JMP Securities increased their price objective on shares of Amazon.com from $245.00 to $265.00 and gave the company a "market outperform" rating in a research note on Tuesday. Benchmark restated a "buy" rating and set a $200.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Robert W. Baird upped their target price on Amazon.com from $210.00 to $213.00 and gave the stock an "outperform" rating in a report on Friday, June 21st. Needham & Company LLC lifted their price target on Amazon.com from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, July 17th. Finally, Truist Financial upped their price objective on Amazon.com from $220.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $222.49.
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About Amazon.com
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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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