Greenline Partners LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Greenline Partners LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 106.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 45,694 shares of the e-commerce giant’s stock after acquiring an additional 23,561 shares during the period. Amazon.com makes up approximately 1.4% of Greenline Partners LLC’s investment portfolio, making the stock its 18th largest holding. Greenline Partners LLC’s holdings in Amazon.com were worth $9,011,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AMZN. Vanguard Group Inc. grew its stake in shares of Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the last quarter. Swedbank AB purchased a new stake in Amazon.com in the first quarter valued at approximately $2,239,757,000. Capital World Investors boosted its position in Amazon.com by 64.6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after buying an additional 11,524,463 shares during the last quarter. Capital Research Global Investors boosted its position in Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after buying an additional 6,810,145 shares during the last quarter. Finally, Global Assets Advisory LLC boosted its position in Amazon.com by 30,350.2% in the first quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock valued at $1,178,164,000 after buying an additional 6,510,119 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $189.07 on Tuesday. The stock has a market cap of $1.97 trillion, a PE ratio of 52.96, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The stock has a fifty day simple moving average of $182.43 and a 200-day simple moving average of $183.50.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Equities analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wolfe Research assumed coverage on Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price on the stock. Truist Financial upped their target price on Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, September 30th. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a research report on Thursday, September 12th. Finally, Sanford C. Bernstein upped their target price on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $236.78.

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.