Burling Wealth Partners LLC Has $20.79 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Burling Wealth Partners LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,257 shares of the e-commerce giant's stock after purchasing an additional 1,523 shares during the period. Amazon.com makes up 4.4% of Burling Wealth Partners LLC's portfolio, making the stock its 3rd biggest holding. Burling Wealth Partners LLC's holdings in Amazon.com were worth $20,787,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com in the fourth quarter worth about $35,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the first quarter worth about $36,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Amazon.com in the first quarter worth about $40,000. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Robert W. Baird raised their target price on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Royal Bank Of Canada increased their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Piper Sandler increased their price target on shares of Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, Monness Crespi & Hardt increased their price target on shares of Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Amazon.com presently has an average rating of "Buy" and a consensus target price of $262.87.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares of the company's stock, valued at approximately $111,114,850. This represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. 9.70% of the stock is owned by company insiders.

Amazon.com Trading Up 0.0%

Shares of NASDAQ:AMZN traded up $0.05 during mid-day trading on Friday, reaching $231.03. The stock had a trading volume of 39,600,434 shares, compared to its average volume of 47,994,872. The firm has a market cap of $2.46 trillion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The firm has a 50 day simple moving average of $221.41 and a two-hundred day simple moving average of $208.44. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the prior year, the business earned $1.26 EPS. Amazon.com's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS 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.