Marietta Investment Partners LLC Has $7.04 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Marietta Investment Partners LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 32.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,409 shares of the e-commerce giant’s stock after acquiring an additional 8,885 shares during the period. Amazon.com makes up about 1.5% of Marietta Investment Partners LLC’s portfolio, making the stock its 20th biggest holding. Marietta Investment Partners LLC’s holdings in Amazon.com were worth $7,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. PayPay Securities Corp increased its stake in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc boosted its holdings in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Steph & Co. bought a new position in shares of Amazon.com in the 1st quarter valued at $65,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Amazon.com during the 1st quarter worth $69,000. Finally, Innealta Capital LLC bought a new stake in shares of Amazon.com during the 2nd quarter worth $77,000. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the sale, the chief executive officer now owns 503,753 shares in the company, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Loop Capital lifted their target price on Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Amazon.com in a report on Friday, August 2nd. UBS Group increased their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Amazon.com in a research note on Thursday, September 12th. Finally, Bank of America lowered their price target on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Stock Down 2.6 %

Amazon.com stock opened at $184.71 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm’s fifty day moving average price is $183.11 and its two-hundred day moving average price is $183.54. The firm has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 51.74, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, equities research analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

About Amazon.com

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.