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Villere ST Denis J & Co. LLC Has $33.43 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Amazon.com logo with Retail/Wholesale background

Villere ST Denis J & Co. LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,724 shares of the e-commerce giant's stock after acquiring an additional 21,815 shares during the period. Amazon.com makes up approximately 3.2% of Villere ST Denis J & Co. LLC's holdings, making the stock its 7th biggest holding. Villere ST Denis J & Co. LLC's holdings in Amazon.com were worth $33,433,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc raised its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMZN. Jefferies Financial Group boosted their target price on shares of Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Scotiabank boosted their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a report on Tuesday. Finally, Royal Bank Of Canada reduced their price objective on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $254.33.

Get Our Latest Report on AMZN

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, 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 Price Performance

Shares of AMZN stock traded down $0.79 on Friday, reaching $231.44. The company had a trading volume of 28,649,591 shares, compared to its average volume of 40,402,120. The stock has a market capitalization of $2.46 trillion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. 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, Inc. has a one year low of $151.61 and a one year high of $242.52. The business's 50-day moving average is $215.66 and its 200 day moving average is $208.91.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.98 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com 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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