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Shepherd Financial Partners LLC Has $16.55 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

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Shepherd Financial Partners LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,996 shares of the e-commerce giant's stock after buying an additional 4,263 shares during the quarter. Amazon.com accounts for 1.9% of Shepherd Financial Partners LLC's portfolio, making the stock its 12th biggest holding. Shepherd Financial Partners LLC's holdings in Amazon.com were worth $16,552,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Amazon.com in the fourth quarter valued at $27,266,582,000. GAMMA Investing LLC boosted its stake in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after buying an additional 30,104,520 shares in the last quarter. Capital World Investors increased its holdings in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after buying an additional 17,681,004 shares during the period. Vanguard Group Inc. raised its stake in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after acquiring an additional 12,018,120 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 0.0%

Shares of Amazon.com stock traded up $0.06 during trading on Monday, reaching $223.47. 36,547,965 shares of the company were exchanged, compared to its average volume of 42,009,887. The business has a 50-day moving average price of $206.44 and a 200-day moving average price of $208.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.40, a P/E/G ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month 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 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Westpark Capital restated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Citizens Jmp cut their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Citigroup restated a "buy" rating on shares of Amazon.com in a research note on Monday, June 2nd. Finally, Scotiabank cut their price target on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $245.60.

View Our Latest Stock Report on AMZN

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer directly owned 2,148,694 shares in the company, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at approximately $9,876,930. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,426,963 shares of company stock valued at $757,297,707. Company insiders own 9.70% of the company's stock.

About Amazon.com

(Free Report)

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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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