Patron Partners LLC Has $5.04 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Patron Partners LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,510 shares of the e-commerce giant's stock after selling 2,811 shares during the period. Amazon.com accounts for 2.7% of Patron Partners LLC's investment portfolio, making the stock its 5th largest holding. Patron Partners LLC's holdings in Amazon.com were worth $5,044,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AMZN. Norges Bank purchased a new stake in shares of Amazon.com during the fourth quarter worth about $27,266,582,000. GAMMA Investing LLC lifted its position 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 valued at $5,754,425,000 after buying an additional 30,104,520 shares in the last quarter. Capital World Investors lifted its position in Amazon.com by 36.8% during the fourth 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 in the last quarter. Vanguard Group Inc. raised its stake in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Finally, Proficio Capital Partners LLC raised its stake in shares of Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after purchasing an additional 12,018,120 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $240.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Scotiabank upped their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a report on Tuesday. Truist Financial boosted their price target on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Bank of America boosted their price objective on Amazon.com from $248.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Piper Sandler set a $250.00 target price on Amazon.com and gave the company an "overweight" rating in a report on Friday, July 11th. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $254.33.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 25,102,037 shares of company stock valued at $5,674,871,223. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $0.79 during midday trading on Friday, hitting $231.44. The stock had a trading volume of 28,649,591 shares, compared to its average volume of 40,402,120. The company has a market capitalization of $2.46 trillion, a PE ratio of 37.69, a P/E/G ratio of 1.72 and a beta of 1.33. The stock has a 50 day moving average price of $215.66 and a two-hundred day moving average price of $208.91. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. 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 announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com Company 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.