Investment Partners LTD. Sells 378 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Investment Partners LTD. lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,662 shares of the e-commerce giant’s stock after selling 378 shares during the period. Investment Partners LTD.’s holdings in Amazon.com were worth $860,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in 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 valued at $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. FMR LLC boosted its stake in shares of Amazon.com by 7.7% during 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 purchasing an additional 21,649,871 shares in the last quarter. Northern Trust Corp increased its position in shares of Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after buying an additional 3,260,411 shares during the period. Jennison Associates LLC raised its stake in Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after buying an additional 1,389,503 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Amazon.com by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock worth $6,406,216,000 after buying an additional 1,374,052 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the transaction, the director now directly owns 104,400 shares in the company, valued at approximately $19,836,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 5,264 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,132,396 shares of company stock worth $356,770,280. 10.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JMP Securities reissued a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Sanford C. Bernstein raised their price objective on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Stifel Nicolaus boosted their target price on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Argus increased their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $211.62.

Amazon.com Trading Up 0.6 %

Amazon.com stock opened at $184.70 on Friday. The firm has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 51.74, a P/E/G ratio of 1.33 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $113.78 and a 12-month high of $191.70. The firm has a 50 day moving average of $181.35 and a 200 day moving average of $164.72. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share 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 company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the company earned $0.31 EPS. Amazon.com’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, research analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Amazon.com 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.