Hamilton Capital Partners LLC Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Hamilton Capital Partners LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 36.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,188 shares of the e-commerce giant's stock after purchasing an additional 18,862 shares during the quarter. Amazon.com comprises about 8.6% of Hamilton Capital Partners LLC's investment portfolio, making the stock its 5th largest holding. Hamilton Capital Partners LLC's holdings in Amazon.com were worth $13,544,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Tallon Kerry Patrick acquired a new position in Amazon.com during the fourth quarter worth about $800,000. Capital & Planning LLC grew its holdings in Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after acquiring an additional 1,635 shares during the period. LaFleur & Godfrey LLC grew its holdings in Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after acquiring an additional 860 shares during the period. Brighton Jones LLC grew its holdings in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after acquiring an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new position in Amazon.com in the 4th quarter worth about $301,650,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $223.47 on Tuesday. The business's 50-day simple moving average is $207.16 and its 200 day simple moving average is $208.51. The stock has a market cap 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 12-month low of $151.61 and a 12-month high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 earnings per share. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer owned 2,148,694 shares in the company, valued at $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the transaction, the senior vice president owned 47,030 shares in the company, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,426,963 shares of company stock valued at $757,297,707 over the last 90 days. Corporate insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMZN shares. Wall Street Zen downgraded Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Royal Bank Of Canada cut their price objective on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Telsey Advisory Group restated an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.60.

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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