Ballentine Partners LLC strengthens its position in Amazon.com, Inc. (NASDAQ:AMZN)

According to the latest Form 13F filed with the Securities and Exchange Commission, Ballentine Partners LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) up 7.9% in the first quarter. The company owned 146,535 shares of the e-commerce giant’s stock after acquiring an additional 10,731 shares during the quarter. Amazon.com comprises approximately 0.5% of Ballentine Partners LLC’s portfolio, making it the 26th largest company. Ballentine Partners LLC’s stake in Amazon.com was worth $26,432,000, according to its most recent SEC filing.

Several other large investors also increased or decreased their stakes in AMZN. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC bought a new position in Amazon.com during the 4th quarter valued at $43,000. Harbor Investment Advisory LLC increased its position in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares in the last quarter. Finally, Clarity Asset Management Inc. purchased new shares of Amazon.com stock worth $46,000 in the fourth quarter. Institutional investors hold 72.20% of the company’s shares.

Amazon.com Confidential Transactions

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, bringing the total transaction amount to $92,000.00. Following the sale, the CEO now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in legal documents filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, bringing the total transaction amount to $92,000.00. Following the sale, the CEO now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in legal documents filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Additionally, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, bringing the total value to $3,771,048.96. Following the sale, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. Disclosure for this sale can be found here. Insiders have sold 65,338 shares of company stock worth $11,894,344 over the last ninety days. Insiders own 10.80% of the company’s shares.

Changes in analyst ratings

A number of brokerage houses have recently commented on AMZN. Morgan Stanley increased their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Loop Capital raised their price target on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Benchmark reaffirmed a “buy” rating and set a target price for Amazon.com shares at $200.00 in a research report on Wednesday, May 1st. Stifel Nicolaus increased their price target on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Roth Mkm ultimately reissued a “buy” rating and set a $210.00 price target on shares of Amazon.com (up from $205.00) in a research report on Wednesday, May 1st. One analyst rated the stock with a hold rating, forty-three gave it a buy rating and one gave it a strong buy rating. Based on data from MarketBeat.com, the Amazon.com consensus rating is “Buy” and the average price target is $215.37.

Download our latest research report on Amazon.com

Amazon.com turnover increase by 0.4%

AMZN stock opened at $186.34 on Wednesday. Amazon.com, Inc. it has a 1-year low of $118.35 and a 1-year high of $191.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.20, a PEG ratio of 1.35 and a beta of 1.14. The company has a 50-day simple moving average of $182.88 and a two-hundred-day simple moving average of $172.28.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released quarterly data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, which topped the consensus estimate of $0.83 by $0.15. The company’s revenue for the quarter was $143.31 billion, compared to analyst expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter increased by 12.5% ​​year-over-year. During the same period last year, the company earned $0.31 EPS. Analysts predict that Amazon.com, Inc. will report 4.72 EPS for the current financial year.

Amazon.com company profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

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