Amazon.com, Inc. (NASDAQ:AMZN) is Norris Perne & French LLP MI’s 8th Largest Position

Norris Perne & French LLP MI increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 201,924 shares of the e-commerce giant’s stock after buying an additional 23,197 shares during the period. Amazon.com makes up approximately 2.6% of Norris Perne & French LLP MI’s portfolio, making the stock its 8th biggest position. Norris Perne & French LLP MI’s holdings in Amazon.com were worth $36,423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Amazon.com by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after purchasing an additional 13,134,632 shares during the last quarter. Norges Bank bought a new position in Amazon.com in the 4th quarter worth about $17,700,551,000. Northern Trust Corp grew its position in Amazon.com by 3.7% in the 3rd 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 last quarter. Jennison Associates LLC grew its position in Amazon.com by 2.5% in the 4th quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after purchasing an additional 1,389,503 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Amazon.com by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock worth $7,888,870,000 after purchasing an additional 1,525,922 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Moffett Nathanson restated a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. Evercore ISI increased their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Piper Sandler increased their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Wedbush reiterated an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Finally, BMO Capital Markets increased their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $215.86.

Amazon.com Stock Down 1.2 %

AMZN stock opened at $197.59 on Friday. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $200.43. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.06 trillion, a price-to-earnings ratio of 55.35, a PEG ratio of 1.43 and a beta of 1.15. The company has a 50 day moving average of $185.10 and a two-hundred day moving average of $174.15.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the sale, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the transaction, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The disclosure for this sale can be found here. Insiders sold a total of 69,548 shares of company stock worth $12,774,204 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

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.