Sander Capital Advisors Inc. Has $25.23 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sander Capital Advisors Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,891 shares of the e-commerce giant’s stock after acquiring an additional 18,612 shares during the quarter. Amazon.com comprises about 12.3% of Sander Capital Advisors Inc.’s investment portfolio, making the stock its 3rd biggest holding. Sander Capital Advisors Inc.’s holdings in Amazon.com were worth $25,234,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Ridgecrest Wealth Partners LLC boosted its stake in shares of Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after buying an additional 56 shares in the last quarter. Stordahl Capital Management Inc. boosted its position in Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after purchasing an additional 56 shares in the last quarter. Echo45 Advisors LLC boosted its position in Amazon.com by 0.9% during the first quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock worth $1,194,000 after purchasing an additional 59 shares in the last quarter. ShoreHaven Wealth Partners LLC boosted its position in Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares in the last quarter. Finally, O Dell Group LLC boosted its position in Amazon.com by 0.5% during the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com 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 transaction, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the transaction, the insider now owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,113,490 shares of company stock worth $1,222,340,738. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Down 0.3 %

AMZN opened at $194.49 on Friday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock’s fifty day moving average is $187.63 and its 200-day moving average is $176.17. The company has a market capitalization of $2.02 trillion, a PE ratio of 54.48, a P/E/G ratio of 1.43 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the previous year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMZN. BMO Capital Markets boosted their target price on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Robert W. Baird boosted their target price on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Morgan Stanley upped their price objective on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Moffett Nathanson restated a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a research report on Thursday, April 11th. Finally, Raymond James upped their price objective on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus target price of $217.38.

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.