One Day In July LLC Has $563,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

One Day In July LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,700 shares of the e-commerce giant’s stock after selling 165 shares during the period. One Day In July LLC’s holdings in Amazon.com were worth $563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. raised its position in Amazon.com by 1.8% during the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after acquiring an additional 12,456,995 shares in the last quarter. State Street Corp increased its stake in shares of Amazon.com by 1.0% during the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after purchasing an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC lifted its stake in Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Amazon.com by 1,867.0% during the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after purchasing an additional 90,167,792 shares during the period. 57.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AMZN shares. JPMorgan Chase & Co. raised their price objective on Amazon.com from $135.00 to $145.00 in a research report on Friday, April 28th. Wells Fargo & Company reduced their price objective on shares of Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. DA Davidson upped their price objective on shares of Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Robert W. Baird raised their target price on shares of Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Finally, Bank of America upped their price target on shares of Amazon.com from $135.00 to $139.00 in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.12.

Insider Activity

In related news, CEO Adam Selipsky sold 2,299 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total value of $230,681.66. Following the sale, the chief executive officer now directly owns 138,320 shares in the company, valued at $13,879,028.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.60, for a total value of $358,360.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 2,299 shares of the company’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the sale, the chief executive officer now owns 138,320 shares in the company, valued at approximately $13,879,028.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,144 shares of company stock valued at $8,405,887. Company insiders own 12.70% of the company’s stock.

Amazon.com Trading Up 1.5 %

AMZN opened at $116.75 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $146.57. The company’s 50 day moving average price is $104.89 and its two-hundred day moving average price is $97.55. The firm has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 277.98, a PEG ratio of 4.00 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. Amazon.com’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.