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Zhang Financial LLC increases its stake in Amazon.com, Inc. shares. (NASDAQ:AMZN)


Zhang Financial LLC increased its stake in Amazon.com, Inc. shares. (NASDAQ:AMZN) up 9.3% in the fourth quarter, reports HoldingsChannel.com. The institutional investor owned 38,768 shares of the e-commerce giant after acquiring an additional 3,307 shares during the period. At the end of the last quarter, Zhang Financial LLC’s stock in Amazon.com was worth $5,890,000.

Several other institutional investors also increased or decreased their stakes in the company. In the third quarter, Vanguard Group Inc. strengthened its position on Amazon.com by 4.4%. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. In the third quarter, FMR LLC strengthened its position on Amazon.com by 7.7%. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares during the period. Northern Trust Corp strengthened its position on Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares during the period. Jennison Associates LLC strengthened its position on Amazon.com by 28.4% in the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after purchasing an additional 12,176,114 shares during the period. Finally, in the third quarter, Charles Schwab Investment Management Inc. strengthened its position on Amazon.com by 2.8%. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock valued at $6,406,216,000 after purchasing an additional 1,374,052 shares during the period. 72.20% of the shares are currently owned by hedge funds and other institutional investors.

Wall Street analysts predict growth

Several research firms have published reports on AMZN. BMO Capital Markets increased their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Raymond James increased their price target on Amazon.com from $200.00 to $205.00 and gave the company a “strong buy” rating in a research report on Wednesday, May 1st. JMP Securities maintained a “market outperform” rating and set a price target for shares of Amazon.com at $225.00 in a research report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price target on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Canaccord Genuity Group increased their price target on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the company with a hold rating, forty-four have issued a buy rating to the company and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $211.62.

Download our latest research report on Amazon.com

Amazon.com turnover increase by 0.8%

AMZN stock opened Friday at $189.50. The company has a market capitalization of $1.97 trillion, a P/E ratio of 53.08, a price-to-earnings ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. it has a 1-year low of $108.05 and a 1-year high of $191.70. The company has a 50-day simple moving average of $179.90 and a two-hundred-day simple moving average of $161.81.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, $0.15 above the consensus estimate of $0.83. The company had revenue of $143.31 billion for the quarter, compared to analyst expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s quarterly revenue increased 12.5% ​​year-over-year. During the same period last year, the company reported earnings per share of $0.31. On average, stock analysts expect Amazon.com, Inc. will see 4.67 earnings per share for the current fiscal year.

Amazon.com Confidential Transactions

In other Amazon.com news, whistleblower Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $173.27, for a total transaction amount of $1,039,420,566.23. Following the completion of the transaction, the insider now owns 964,256,421 shares of the company’s stock, valued at approximately $167,076,710,066.67. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed at this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the sale, the CEO now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a document filed with the Securities and Exchange Commission, available at this hyperlink. Additionally, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock on Monday, February 12. The shares were sold at an average price of $173.27 for a total value of $1,039,420,566.23. Following the sale, the insider now owns 964,256,421 shares of the company’s stock, valued at approximately $167,076,710,066.67. The announcement of this sale can be found here. Over the last three months, insiders sold 20,187,979 shares of company stock worth $3,440,575,337. Currently, insiders own 10.80% of the shares.

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

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Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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