West Paces Advisors Inc. owns shares worth USD 1.71 million in Amazon.com, Inc. (NASDAQ:AMZN)

West Paces Advisors Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% in the 1st quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission (SEC). The fund held 9,485 shares of the e-commerce giant after purchasing an additional 758 shares during the period. West Paces Advisors Inc.’s stake in Amazon.com was worth $1,711,000 at the end of the last quarter.

Other hedge funds have also recently increased or decreased their stakes in the company. Vanguard Group Inc. in the fourth quarter, it increased its position on Amazon.com by 1.7%. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after acquiring an additional 13,134,632 shares during the period. FMR LLC increased its holdings in Amazon.com by 7.7% in the third 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 during the period. Norges Bank purchased a new position on Amazon.com during the fourth quarter valued at $17,700,551,000. Northern Trust Corp increased its holdings 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 worth $11,736,905,000 after purchasing an additional 3,260,411 shares during the period. Finally, Jennison Associates LLC increased its position 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 valued at $8,565,017,000 after purchasing an additional 1,389,503 shares during the period. Institutional investors and hedge funds hold 72.20% of the company’s shares.

Changes in analyst ratings

Several equities analysts have recently issued reports on the stock. Bank of America raised their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Evercore ISI raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1. Stifel Nicolaus raised their price target on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. Maxim Group lowered their price target on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday, May 1. Finally, Telsey Advisory Group raised their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1. One equities research analyst rated the stock a “hold,” forty-three gave a “buy” rating, and one gave a “strong buy” rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $215.86.

Read our latest analysis on Amazon.com

Confidential activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, April 1. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the sale, the CEO now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . In related news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the VP now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this link . Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, April 1. The shares were sold at an average price of $180.73, for a total transaction value of $632,555.00. Following the sale, the CEO now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. Disclosure of this sale can be found here . Insiders have sold 65,338 shares of the company’s stock valued at $11,894,344 over the last 90 days. Company insiders own 10.80% of the stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $193.25 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a quick ratio of 1.07. The company has a market capitalization of $2.01 trillion, a P/E ratio of 54.13, a price-earnings-growth ratio of 1.42 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $199.84. The company has a 50-day simple moving average of $183.87 and a 200-day simple moving average of $173.11.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analyst 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 analyst expectations of $142.65 billion. During the same quarter last year, the company reported $0.31 in earnings per share. Amazon.com revenues increased 12.5% ​​year over year. Research analysts predict that Amazon.com, Inc. will report an average of 4.72 earnings per share for the current year.

About Amazon.com

(free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. 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 multimedia content.

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