Pachira Investments Inc. Has $1.17 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Pachira Investments Inc. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 79.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,509 shares of the e-commerce giant’s stock after buying an additional 2,890 shares during the period. Amazon.com comprises 1.0% of Pachira Investments Inc.’s investment portfolio, making the stock its 18th largest holding. Pachira Investments Inc.’s holdings in Amazon.com were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after purchasing an additional 13,134,632 shares during the period. Norges Bank acquired a new position in shares of Amazon.com in the 4th quarter valued at about $17,700,551,000. Jennison Associates LLC increased its holdings in shares of Amazon.com by 2.5% in the 4th quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after purchasing an additional 1,389,503 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Amazon.com by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after purchasing an additional 1,525,922 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of Amazon.com by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 42,241,587 shares of the e-commerce giant’s stock valued at $6,418,187,000 after purchasing an additional 888,369 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $194.49 on Friday. The business has a fifty day simple moving average of $187.63 and a 200 day simple moving average of $176.17. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 54.48, a PEG ratio of 1.43 and a beta of 1.15. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same period in the prior year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMZN. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Needham & Company LLC reissued a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a research note on Tuesday. Citigroup boosted their price target on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Jefferies Financial Group boosted their price target on Amazon.com from $225.00 to $235.00 in a research note on Tuesday. Finally, Evercore ISI boosted their price target on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus target price of $217.38.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Insiders sold 6,113,490 shares of company stock worth $1,222,340,738 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

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.