Americana Partners LLC Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Americana Partners LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 33.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 210,653 shares of the e-commerce giant’s stock after acquiring an additional 53,380 shares during the period. Amazon.com accounts for about 1.9% of Americana Partners LLC’s holdings, making the stock its 8th biggest position. Americana Partners LLC’s holdings in Amazon.com were worth $46,215,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in AMZN. International Assets Investment Management LLC raised its position in Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares during the period. Parnassus Investments LLC raised its position in Amazon.com by 82,457.3% in the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after acquiring an additional 11,391,479 shares during the period. State Street Corp increased its stake in shares of Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares during the period. Finally, Strategic Financial Concepts LLC raised its position in shares of Amazon.com by 23,742.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock valued at $1,119,463,000 after purchasing an additional 5,081,217 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 2.1 %

Shares of NASDAQ AMZN opened at $197.95 on Monday. 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 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market capitalization of $2.10 trillion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The firm has a fifty day simple moving average of $221.65 and a two-hundred day simple moving average of $207.76.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Piper Sandler reissued an “overweight” rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Jefferies Financial Group boosted their price target on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, UBS Group boosted their price target on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $260.65.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com 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.