Yarbrough Capital LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 867,680 shares of the e-commerce giant's stock after acquiring an additional 2,653 shares during the quarter. Amazon.com makes up approximately 7.1% of Yarbrough Capital LLC's investment portfolio, making the stock its 3rd largest position. Yarbrough Capital LLC's holdings in Amazon.com were worth $165,085,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Momentous Wealth Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $749,000. Segall Bryant & Hamill LLC increased its position in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after acquiring an additional 39,696 shares during the last quarter. Bearing Point Capital LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $12,014,000. Evergreen Capital Management LLC increased its position in shares of Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after acquiring an additional 1,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after acquiring an additional 2,196,353 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.
Amazon.com Trading Down 1.3%
Shares of AMZN stock opened at $209.69 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.23 trillion, a P/E ratio of 34.15, a price-to-earnings-growth ratio of 1.59 and a beta of 1.33. The stock has a 50 day simple moving average of $198.41 and a 200 day simple moving average of $209.25. 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 issued 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 during 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 revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the sale, the chief executive officer now directly owns 517,050 shares in the company, valued at $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction on 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 sale, the chief executive officer now owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 over the last three months. Insiders own 9.70% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a research report 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 research report on Thursday, April 10th. JMP Securities reissued a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Wells Fargo & Company lowered their price target on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus lowered their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $245.53.
View Our Latest Stock Report on AMZN
About Amazon.com
(
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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