Amazon.com, Inc. (NASDAQ:AMZN) is Bouvel Investment Partners LLC’s 5th Largest Position

Bouvel Investment Partners LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,986 shares of the e-commerce giant’s stock after purchasing an additional 505 shares during the quarter. Amazon.com comprises 3.3% of Bouvel Investment Partners LLC’s portfolio, making the stock its 5th largest position. Bouvel Investment Partners LLC’s holdings in Amazon.com were worth $9,211,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Heritage Family Offices LLP bought a new stake in Amazon.com during the 2nd quarter valued at about $206,000. Rhumbline Advisers grew its holdings in shares of Amazon.com by 0.7% during the second quarter. Rhumbline Advisers now owns 17,737,203 shares of the e-commerce giant’s stock valued at $3,427,714,000 after buying an additional 130,996 shares during the last quarter. TIAA Trust National Association increased its position in shares of Amazon.com by 4.2% during the second quarter. TIAA Trust National Association now owns 816,632 shares of the e-commerce giant’s stock valued at $157,815,000 after acquiring an additional 33,128 shares in the last quarter. Princeton Capital Management LLC raised its holdings in Amazon.com by 0.7% in the 2nd quarter. Princeton Capital Management LLC now owns 118,506 shares of the e-commerce giant’s stock worth $22,901,000 after acquiring an additional 807 shares during the last quarter. Finally, Affiance Financial LLC lifted its position in Amazon.com by 0.6% in the 2nd quarter. Affiance Financial LLC now owns 10,750 shares of the e-commerce giant’s stock valued at $2,077,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.5 %

NASDAQ:AMZN opened at $237.07 on Thursday. The firm has a 50 day moving average of $221.62 and a 200 day moving average of $198.03. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $241.77. The stock has a market capitalization of $2.49 trillion, a price-to-earnings ratio of 50.76, a PEG ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMZN. Monness Crespi & Hardt lifted their target price on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Scotiabank boosted their target price on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Telsey Advisory Group upped their target price on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Susquehanna lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Finally, Bank of America increased their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $249.46.

Amazon.com Company Profile

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.