Mirador Capital Partners LP Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Mirador Capital Partners LP raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,801 shares of the e-commerce giant's stock after purchasing an additional 1,497 shares during the quarter. Amazon.com comprises approximately 3.3% of Mirador Capital Partners LP's portfolio, making the stock its 5th largest holding. Mirador Capital Partners LP's holdings in Amazon.com were worth $18,988,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank acquired a new stake in shares of Amazon.com in the 4th quarter worth $27,266,582,000. GAMMA Investing LLC increased its stake in shares of 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 acquiring an additional 30,104,520 shares during the period. Capital World Investors raised its holdings 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 worth $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. lifted its position in Amazon.com by 2.2% in 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 boosted its holdings in Amazon.com by 17,054.5% in the 4th 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 in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock valued at $20,531,075 over the last 90 days. 9.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Piper Sandler reissued an "overweight" rating and set a $212.00 target price (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Evercore ISI reduced their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Truist Financial lowered their price target on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group reduced their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $244.89.

Amazon.com Stock Down 0.5%

Shares of NASDAQ:AMZN traded down $1.14 during trading on Friday, hitting $212.10. The company's stock had a trading volume of 29,295,190 shares, compared to its average volume of 42,102,749. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock's 50-day moving average price is $194.64 and its two-hundred day moving average price is $209.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market capitalization of $2.25 trillion, a PE ratio of 38.35, a PEG ratio of 1.50 and a beta of 1.33.

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 firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current 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.