L. Roy Papp & Associates LLP Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

L. Roy Papp & Associates LLP boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,067 shares of the e-commerce giant’s stock after buying an additional 596 shares during the period. L. Roy Papp & Associates LLP’s holdings in Amazon.com were worth $2,525,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Vanguard Group Inc. boosted its stake in Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Norges Bank bought a new position in shares of Amazon.com during the fourth quarter worth $17,700,551,000. Capital Research Global Investors boosted its position in shares of Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after acquiring an additional 6,810,145 shares during the last quarter. Jennison Associates LLC grew its stake in Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after acquiring an additional 295,132 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 valued at $7,888,870,000 after acquiring an additional 1,525,922 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322 over the last ninety days. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Up 1.3 %

Amazon.com stock opened at $187.00 on Friday. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The business has a fifty day moving average price of $179.78 and a 200-day moving average price of $181.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.38, a PEG ratio of 1.29 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping 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 the consensus estimate of $148.63 billion. Equities research analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Barclays lifted their target price on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. TD Cowen boosted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Wells Fargo & Company lowered their price target on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Robert W. Baird upped their price objective on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. Finally, Tigress Financial raised their price objective on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $222.49.

Amazon.com 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.