Amazon.com, Inc. (NASDAQ:AMZN) is Weatherly Asset Management L. P.’s 4th Largest Position

Weatherly Asset Management L. P. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,715 shares of the e-commerce giant’s stock after buying an additional 659 shares during the period. Amazon.com accounts for about 3.9% of Weatherly Asset Management L. P.’s portfolio, making the stock its 4th largest position. Weatherly Asset Management L. P.’s holdings in Amazon.com were worth $13,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AMZN. Norges Bank purchased a new position in shares of Amazon.com during the fourth quarter worth about $2,736,365,000. Loomis Sayles & Co. L P increased its position in shares of Amazon.com by 4.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,155,878 shares of the e-commerce giant’s stock worth $1,616,628,000 after buying an additional 86,357 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Amazon.com by 1.1% in the first quarter. Fisher Asset Management LLC now owns 2,024,756 shares of the e-commerce giant’s stock worth $1,795,028,000 after buying an additional 22,032 shares in the last quarter. Fred Alger Management Inc. increased its position in shares of Amazon.com by 4.3% in the fourth quarter. Fred Alger Management Inc. now owns 1,268,533 shares of the e-commerce giant’s stock worth $951,235,000 after buying an additional 52,584 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Amazon.com by 0.3% in the fourth quarter. Franklin Resources Inc. now owns 1,220,076 shares of the e-commerce giant’s stock worth $915,037,000 after buying an additional 3,434 shares in the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

Amazon.com, Inc. (NASDAQ:AMZN) opened at 1024.45 on Wednesday. The company has a 50 day moving average price of $990.97 and a 200-day moving average price of $902.15. The firm has a market cap of $489.66 billion, a price-to-earnings ratio of 192.93 and a beta of 1.48. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,026.03.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.45. The business had revenue of $35.71 billion during the quarter, compared to the consensus estimate of $35.31 billion. Amazon.com had a return on equity of 13.72% and a net margin of 1.81%. The firm’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.07 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post $6.69 EPS for the current year.

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A number of research analysts recently issued reports on AMZN shares. Instinet decreased their price target on shares of Amazon.com from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Friday, June 16th. Loop Capital reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, June 8th. Cantor Fitzgerald reiterated a “buy” rating and issued a $970.00 price target on shares of Amazon.com in a research note on Friday, April 28th. Royal Bank Of Canada reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 2nd. Finally, Wolfe Research downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 20th. Five equities research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,021.93.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $985.25, for a total value of $699,527.50. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,852,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $10,110,600. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,014,090 shares of company stock valued at $954,546,394. Insiders own 17.70% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

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