Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Davis Investment Partners LLC

Davis Investment Partners LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 71.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,856 shares of the e-commerce giant’s stock after purchasing an additional 3,282 shares during the quarter. Amazon.com accounts for about 0.6% of Davis Investment Partners LLC’s investment portfolio, making the stock its 28th largest holding. Davis Investment Partners LLC’s holdings in Amazon.com were worth $1,528,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Norges Bank acquired a new stake in Amazon.com during the 4th quarter worth about $17,700,551,000. Capital Research Global Investors lifted its holdings in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after buying an additional 6,810,145 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Amazon.com by 0.5% during the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after buying an additional 295,132 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Amazon.com by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after buying an additional 1,525,922 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMZN shares. Needham & Company LLC lifted their price target on Amazon.com from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Stifel Nicolaus decreased their price target on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Wolfe Research assumed coverage on Amazon.com in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price target on the stock. Tigress Financial boosted their price objective on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Finally, JPMorgan Chase & Co. cut their price target on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $222.31.

Amazon.com Stock Down 1.7 %

AMZN opened at $173.33 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.80 trillion, a price-to-earnings ratio of 48.55, a PEG ratio of 1.34 and a beta of 1.15. The company’s 50-day moving average price is $181.93 and its two-hundred day moving average price is $181.20. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. As a group, equities analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock valued at $1,220,621,322 over the last three months. Company insiders own 10.80% of the company’s stock.

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.