Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,481 shares of the e-commerce giant’s stock after acquiring an additional 197 shares during the quarter. Amazon.com makes up about 2.8% of Bouvel Investment Partners LLC’s portfolio, making the stock its 7th biggest holding. Bouvel Investment Partners LLC’s holdings in Amazon.com were worth $7,729,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Prospect Financial Services LLC lifted its position in Amazon.com by 5.3% in the second quarter. Prospect Financial Services LLC now owns 24,588 shares of the e-commerce giant’s stock valued at $4,752,000 after buying an additional 1,243 shares during the last quarter. Sapient Capital LLC increased its position in shares of Amazon.com by 0.4% during the second quarter. Sapient Capital LLC now owns 538,657 shares of the e-commerce giant’s stock valued at $104,095,000 after acquiring an additional 2,280 shares during the last quarter. Sharp Financial Services LLC purchased a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $477,000. New Hampshire Trust lifted its holdings in shares of Amazon.com by 1.4% in the 2nd quarter. New Hampshire Trust now owns 65,937 shares of the e-commerce giant’s stock worth $12,742,000 after acquiring an additional 937 shares during the last quarter. Finally, Udine Wealth Management Inc. boosted its position in shares of Amazon.com by 1.4% during the 2nd quarter. Udine Wealth Management Inc. now owns 17,209 shares of the e-commerce giant’s stock worth $3,326,000 after purchasing an additional 243 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $229.05 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market cap of $2.41 trillion, a PE ratio of 49.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The firm’s 50-day simple moving average is $206.58 and its two-hundred day simple moving average is $191.74. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm posted $0.85 earnings per share. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. TD Cowen increased their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Stifel Nicolaus increased their price target on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wedbush lifted their price objective on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. UBS Group increased their target price on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Evercore ISI boosted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $243.00.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % 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 worth $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

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.