Silicon Valley Capital Partners Has $31.65 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Silicon Valley Capital Partners boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 33.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 144,272 shares of the e-commerce giant's stock after purchasing an additional 36,162 shares during the period. Amazon.com comprises approximately 3.5% of Silicon Valley Capital Partners' investment portfolio, making the stock its 11th biggest holding. Silicon Valley Capital Partners' holdings in Amazon.com were worth $31,652,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC increased its holdings in Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after buying an additional 6,545,944 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Amazon.com by 3.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant's stock worth $10,776,201,000 after acquiring an additional 1,984,592 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Amazon.com by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant's stock worth $10,678,217,000 after acquiring an additional 1,980,663 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Amazon.com by 0.5% during the 3rd quarter. Franklin Resources Inc. now owns 47,156,540 shares of the e-commerce giant's stock valued at $8,843,714,000 after acquiring an additional 257,072 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 5,848 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the transaction, the senior vice president now owns 69,162 shares in the company, valued at $15,265,436.64. This trade represents a 7.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 in the last ninety days. Insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. TD Cowen increased their target price on Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Redburn Atlantic lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Telsey Advisory Group restated an "outperform" rating and set a $275.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Finally, Stifel Nicolaus lifted their target price on shares of Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $260.65.

Amazon.com Stock Up 1.1 %

Shares of NASDAQ AMZN traded up $2.05 on Tuesday, hitting $196.59. The company had a trading volume of 52,319,970 shares, compared to its average volume of 39,196,863. The firm has a market capitalization of $2.08 trillion, a P/E ratio of 35.55, a PEG ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business has a 50 day moving average of $223.57 and a two-hundred day moving average of $207.12.

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

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.