Amazon.com, Inc. (NASDAQ:AMZN) is Villere ST Denis J & Co. LLC’s 8th Largest Position

Villere ST Denis J & Co. LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,909 shares of the e-commerce giant’s stock after selling 2,101 shares during the period. Amazon.com makes up about 3.0% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 8th biggest holding. Villere ST Denis J & Co. LLC’s holdings in Amazon.com were worth $33,766,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Accordant Advisory Group Inc raised its holdings in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares during the period. Icon Wealth Advisors LLC grew its position in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares in the last quarter. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com during the third quarter valued at approximately $45,000. Quattro Financial Advisors LLC raised its stake in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares during the period. Finally, Values First Advisors Inc. acquired a new position in shares of Amazon.com during the third quarter worth $56,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $193.89 on Friday. The company has a 50-day moving average of $222.18 and a 200-day moving average of $207.10. The firm has a market cap of $2.05 trillion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. HSBC raised their price objective on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Wolfe Research upped their target price on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Citigroup reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Finally, Robert W. Baird lifted their price target on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 5,848 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the sale, the senior vice president now owns 69,162 shares in the company, valued at approximately $15,265,436.64. The trade was a 7.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 in the last three months. 10.80% of the stock is currently owned by corporate insiders.

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.