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TD Private Client Wealth LLC Acquires 14,025 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Amazon.com logo with Retail/Wholesale background

Key Points

  • TD Private Client Wealth LLC increased its stake in Amazon.com by 9.8% during the first quarter, now holding 157,789 shares worth approximately $30 million.
  • Insider Jeffrey P. Bezos sold 2.6 million shares of Amazon, a transaction valued at over $609 million, resulting in a slight reduction of his ownership stake.
  • Despite a recent 8.3% decline in stock price, Amazon reported earnings of $1.68 per share, surpassing expectations and showing a revenue increase of 13.3% year-over-year.
  • Five stocks we like better than Amazon.com.

TD Private Client Wealth LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 157,789 shares of the e-commerce giant's stock after acquiring an additional 14,025 shares during the quarter. Amazon.com comprises 0.8% of TD Private Client Wealth LLC's investment portfolio, making the stock its 24th largest holding. TD Private Client Wealth LLC's holdings in Amazon.com were worth $30,021,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in 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 worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC boosted its position in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Amazon.com during the 4th quarter valued at about $27,266,582,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 8.3%

AMZN stock traded down $19.36 during midday trading on Friday, hitting $214.75. The stock had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. The firm has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 1.59 and a beta of 1.31. The business has a 50-day moving average of $218.20 and a two-hundred day moving average of $209.11. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 24.90% and a net margin of 10.54%. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the company posted $1.26 earnings per share. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 25,099,537 shares of company stock valued at $5,674,394,548 over the last 90 days. Insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMZN shares. Wells Fargo & Company lifted their price target on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Cantor Fitzgerald lifted their price target on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday. Wedbush lifted their price target on Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday. DA Davidson lifted their price target on Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research report on Friday. Finally, Susquehanna raised their price objective on Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a report on Friday. 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 stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $262.45.

View Our Latest Research Report on Amazon.com

Amazon.com Company Profile

(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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