Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Norris Perne & French LLP MI

Norris Perne & French LLP MI boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 178,727 shares of the e-commerce giant’s stock after buying an additional 963 shares during the quarter. Amazon.com accounts for approximately 2.1% of Norris Perne & French LLP MI’s portfolio, making the stock its 14th largest holding. Norris Perne & French LLP MI’s holdings in Amazon.com were worth $27,156,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares during the last quarter. State Street Corp grew its position in shares of Amazon.com by 1.0% in the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after purchasing an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Amazon.com by 1,838.8% in the second 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 last quarter. FMR LLC lifted its stake in shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after buying an additional 21,649,871 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Amazon.com by 2.9% during the second quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock valued at $22,116,108,000 after buying an additional 4,842,542 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of AMZN stock opened at $186.13 on Monday. The firm has a market cap of $1.93 trillion, a P/E ratio of 64.18, a P/E/G ratio of 1.62 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 1-year low of $98.71 and a 1-year high of $189.77. The firm has a fifty day moving average of $176.33 and a two-hundred day moving average of $155.38.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the transaction, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,874,846 in the last ninety days. Corporate insiders own 12.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMZN. Stifel Nicolaus upped their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. TD Cowen upped their price objective on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Bank of America upped their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Wedbush reissued an “outperform” rating and set a $220.00 price objective on shares of Amazon.com in a research note on Wednesday, April 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $200.00 price target on shares of Amazon.com in a research note on Wednesday, March 27th. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $201.43.

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.