Perennial Advisors LLC Has $15.17 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Perennial Advisors LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,077 shares of the e-commerce giant’s stock after selling 305 shares during the quarter. Amazon.com makes up approximately 3.5% of Perennial Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Perennial Advisors LLC’s holdings in Amazon.com were worth $15,166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Amazon.com by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after buying an additional 13,134,632 shares during the period. FMR LLC increased its stake in shares of Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after buying an additional 21,649,871 shares during the period. Norges Bank acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $17,700,551,000. Northern Trust Corp increased its stake in shares of Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after buying an additional 3,260,411 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after buying an additional 1,389,503 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the sale, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com 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 completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the sale, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Insiders sold a total of 65,338 shares of company stock valued at $11,894,344 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent research reports. Barclays upped their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Robert W. Baird upped their price objective on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research note on Friday. DA Davidson reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. Roth Mkm reissued a “buy” rating and set a $210.00 target price (up previously from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Moffett Nathanson reissued a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average target price of $215.37.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $189.08 on Friday. 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 stock’s fifty day simple moving average is $182.78 and its two-hundred day simple moving average is $171.37. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $191.70. The stock has a market cap of $1.97 trillion, a PE ratio of 52.96, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating 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 last year, the firm posted $0.31 EPS. The business’s revenue was up 12.5% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

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.