Bouvel Investment Partners LLC Has $9.21 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bouvel Investment Partners LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the 4th 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 acquiring an additional 505 shares during the period. Amazon.com accounts for about 3.3% of Bouvel Investment Partners LLC’s holdings, making the stock its 5th biggest position. Bouvel Investment Partners LLC’s holdings in Amazon.com were worth $9,211,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Rench Wealth Management Inc. raised its stake in Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after acquiring an additional 3,703 shares during the period. Foundations Investment Advisors LLC raised its position in shares of Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after purchasing an additional 16,392 shares during the period. Blankinship & Foster LLC lifted its stake in shares of Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after buying an additional 4,740 shares in the last quarter. Umpqua Bank boosted its holdings in Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after buying an additional 137 shares during the period. Finally, Floyd Financial Group LLC purchased a new position in Amazon.com in the 4th quarter valued at approximately $4,494,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent research reports. Loop Capital increased their target price on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a research note on Wednesday, January 22nd. Stifel Nicolaus upped their price target on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Maxim Group raised their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Mizuho upped their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Two research analysts have 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 MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $249.46.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $237.07 on Thursday. 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. The firm’s 50-day moving average price is $221.62 and its two-hundred day moving average price is $198.03. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $241.77.

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

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.