Canopy Partners LLC Has $8.99 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Canopy Partners LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 25.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,972 shares of the e-commerce giant's stock after purchasing an additional 8,303 shares during the period. Amazon.com makes up about 3.4% of Canopy Partners LLC's holdings, making the stock its 7th biggest position. Canopy Partners LLC's holdings in Amazon.com were worth $8,989,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Cable Hill Partners LLC raised its holdings in shares of Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after buying an additional 44 shares in the last quarter. Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. Northern Capital Management Inc. raised its stake in shares of Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after acquiring an additional 45 shares in the last quarter. White Wing Wealth Management lifted its holdings in shares of Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after acquiring an additional 47 shares during the last quarter. Finally, MBM Wealth Consultants LLC boosted its stake in shares of Amazon.com by 0.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after purchasing an additional 48 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent research reports. Citigroup reissued an "outperform" rating on shares of Amazon.com in a research note on Friday. Rosenblatt Securities boosted their target price on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Westpark Capital reaffirmed a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Telsey Advisory Group reissued an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Benchmark reaffirmed a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $244.09.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 107,298 shares of company stock worth $23,818,478 in the last ninety days. 9.70% of the stock is owned by insiders.

Amazon.com Price Performance

Shares of AMZN stock opened at $185.01 on Wednesday. The company has a market cap of $1.96 trillion, a P/E ratio of 33.46, a PEG ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock's 50-day moving average is $189.45 and its 200 day moving average is $207.88. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 6.31 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.

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