Amazon.com, Inc. $AMZN is Silicon Valley Capital Partners’ 9th Largest Position

Silicon Valley Capital Partners lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 167,148 shares of the e-commerce giant’s stock after acquiring an additional 2,253 shares during the period. Amazon.com accounts for approximately 3.8% of Silicon Valley Capital Partners’ portfolio, making the stock its 9th biggest position. Silicon Valley Capital Partners’ holdings in Amazon.com were worth $36,671,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AMZN. NWF Advisory Services Inc. raised its stake in Amazon.com by 8.0% during the second quarter. NWF Advisory Services Inc. now owns 79,566 shares of the e-commerce giant’s stock worth $17,456,000 after purchasing an additional 5,918 shares during the period. Alternative Investment Advisors LLC. increased its holdings in shares of Amazon.com by 2.3% during the 2nd quarter. Alternative Investment Advisors LLC. now owns 7,134 shares of the e-commerce giant’s stock worth $1,565,000 after buying an additional 163 shares during the last quarter. Prospera Capital Management LLC raised its position in shares of Amazon.com by 107.9% during the 2nd quarter. Prospera Capital Management LLC now owns 2,620 shares of the e-commerce giant’s stock valued at $575,000 after buying an additional 1,360 shares during the period. Reynders McVeigh Capital Management LLC lifted its holdings in Amazon.com by 7.1% in the second quarter. Reynders McVeigh Capital Management LLC now owns 176,450 shares of the e-commerce giant’s stock valued at $38,711,000 after acquiring an additional 11,688 shares during the last quarter. Finally, SevenBridge Financial Group LLC grew its position in Amazon.com by 1.3% in the second quarter. SevenBridge Financial Group LLC now owns 69,833 shares of the e-commerce giant’s stock worth $15,466,000 after acquiring an additional 897 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 22,000 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the completion of the transaction, the chief executive officer owned 493,507 shares of the company’s stock, valued at approximately $123,391,555.21. The trade was a 4.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 8,173 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the transaction, the director directly owned 80,030 shares of the company’s stock, valued at approximately $20,009,900.90. The trade was a 9.27% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 82,234 shares of company stock worth $19,076,767. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of AMZN stock opened at $226.19 on Monday. The firm has a fifty day moving average of $229.35 and a 200-day moving average of $225.01. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The firm has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.Amazon.com’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on AMZN shares. Arete Research lifted their target price on Amazon.com from $248.00 to $253.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Stifel Nicolaus boosted their price target on Amazon.com from $269.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Rothschild & Co Redburn restated a “neutral” rating and set a $250.00 price target on shares of Amazon.com in a research report on Tuesday, November 18th. Citizens Jmp reissued a “market outperform” rating and issued a $300.00 price target on shares of Amazon.com in a research report on Wednesday, December 3rd. Finally, Canaccord Genuity Group set a $300.00 price target on Amazon.com and gave the stock a “buy” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $295.43.

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.