Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lifted by Avior Wealth Management LLC

Avior Wealth Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,967 shares of the e-commerce giant’s stock after buying an additional 2,200 shares during the quarter. Avior Wealth Management LLC’s holdings in Amazon.com were worth $11,239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after acquiring an additional 32,038,029 shares in the last quarter. FMR LLC raised its stake in shares of Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Northern Trust Corp lifted its holdings in Amazon.com by 3.7% in the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after purchasing an additional 3,260,411 shares during the last quarter. Jennison Associates LLC boosted its position in Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after purchasing an additional 12,176,114 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Amazon.com by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock valued at $6,406,216,000 after purchasing an additional 1,374,052 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.3 %

NASDAQ AMZN opened at $188.70 on Tuesday. The stock’s 50-day moving average price is $179.29 and its 200-day moving average price is $161.18. The company has a market capitalization of $1.96 trillion, a P/E ratio of 52.86, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 52 week low of $104.70 and a 52 week high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same period last year, the firm posted $0.31 EPS. The company’s revenue was up 12.5% on a year-over-year basis. On average, equities research analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Evercore ISI upped their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Royal Bank of Canada lifted their price objective on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Needham & Company LLC reissued a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Susquehanna raised their target price on Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a report on Friday, February 2nd. Finally, Maxim Group cut their price target on Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and an average price target of $211.62.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the transaction, the chief executive officer now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the sale, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,217,010 shares of company stock worth $5,506,442,301. 10.80% of the stock is currently owned by insiders.

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.