Silicon Valley Capital Partners Purchases 11,028 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Silicon Valley Capital Partners increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 87,593 shares of the e-commerce giant’s stock after purchasing an additional 11,028 shares during the quarter. Amazon.com makes up about 2.1% of Silicon Valley Capital Partners’ holdings, making the stock its 11th biggest position. Silicon Valley Capital Partners’ holdings in Amazon.com were worth $11,135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Kavar Capital Partners Group LLC raised its position in Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after acquiring an additional 79 shares during the period. IFM Investors Pty Ltd raised its position in Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after acquiring an additional 13,060 shares during the period. Ironwood Wealth Management LLC. raised its position in Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after acquiring an additional 15 shares during the period. Markel Corp raised its position in Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after acquiring an additional 550 shares during the period. Finally, Leelyn Smith LLC raised its position in Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after acquiring an additional 540 shares during the period. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $172.34 on Tuesday. Amazon.com, Inc. has a 52-week low of $88.12 and a 52-week high of $175.39. The stock has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 59.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The company has a fifty day moving average of $154.96 and a 200-day moving average of $142.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same period in the prior year, the business posted $0.21 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 4.03 EPS for the current year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,120 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $143.19, for a total transaction of $446,752.80. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $17,151,298.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the transaction, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,120 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $143.19, for a total transaction of $446,752.80. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $17,151,298.20. The disclosure for this sale can be found here. Insiders sold 6,080,878 shares of company stock worth $1,033,083,657 in the last three months. 12.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on AMZN. Raymond James lifted their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. BMO Capital Markets began coverage on shares of Amazon.com in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price objective on the stock. Truist Financial lifted their price objective on shares of Amazon.com from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Rosenblatt Securities boosted their price target on shares of Amazon.com from $184.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Bank of America boosted their price target on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average target price of $197.95.

View Our Latest Stock Report on AMZN

Amazon.com Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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