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DT Investment Partners LLC owns shares of Amazon.com, Inc. worth $3.84 million (NASDAQ:AMZN)


According to Holdings Channel, DT Investment Partners LLC increased its position in Amazon.com, Inc. shares. (NASDAQ:AMZN) up 10.9% in the fourth quarter. An institutional investor owned 24,147 shares of the e-commerce giant after purchasing an additional 2,369 shares during the quarter. DT Investment Partners LLC’s stake in Amazon.com was worth $3,839,000, according to its most recent filing with the Securities and Exchange Commission.

Other institutional investors also increased or decreased their stakes in the company. O Connor Financial Group LLC increased its holdings in shares of Amazon.com by 4.2% in the 3rd quarter. About Connor Financial Group LLC now owns 2,353 shares of the e-commerce giant’s stock valued at $299,000 after purchasing an additional 95 shares during the period. Lake Street Financial LLC increased its holdings in shares of Amazon.com by 1.4% during the third quarter. Lake Street Financial LLC now owns 69,165 shares of the e-commerce giant’s stock valued at $8,713,000 after purchasing an additional 943 shares during the period. In the 3rd quarter, Echo Wealth Management LLC increased its stake in shares of Amazon.com by 10.7%. Echo Wealth Management LLC now owns 9,773 shares of the e-commerce giant’s stock valued at $1,242,000 after purchasing an additional 942 shares during the period. Index Fund Advisors Inc. increased its stake in Amazon.com shares by 22.4% in the third quarter. Index Fund Advisors Inc. now owns 13,580 shares of the e-commerce giant’s stock valued at $1,726,000 after purchasing an additional 2,485 shares during the period. Finally, Townsend Asset Management Corp NC ADV increased its holdings in shares of Amazon.com by 4.0% during the third quarter. Townsend Asset Management Corp NC ADV now owns 53,719 shares of the e-commerce giant’s stock valued at $6,829,000 after purchasing an additional 2,075 shares during the period. 72.20% of the shares are held by institutional investors and hedge funds.

Insider activity on Amazon.com

In related news, whistleblower Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $173.27 for a total value of $1,039,420,566.23. Following the completion of the sale, the insider now directly owns 964,256,421 shares of the company’s stock, valued at approximately $167,076,710,066.67. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. 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 sale, the insider now directly owns 964,256,421 shares of the company’s stock, valued at $167,076,710,066.67. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. Additionally, CEO Douglas J. Herrington sold 14,300 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $175.00, for a total transaction amount of $2,502,500.00. Following the sale, the CEO now owns 499,831 shares of the company’s stock valued at $87,470,425. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 20,187,979 shares of company stock worth $3,440,575,337. Insiders own 10.80% of the company’s shares.

Analysts set new price targets

Several research firms have recently commented on AMZN. Robert W. Baird raised their price target on Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Stifel Nicolaus increased their price target on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” in a report on Friday, February 2nd. Raymond James increased their price target on Amazon.com from $200.00 to $205.00 and gave the stock a “strong buy” rating in a report on Wednesday, May 1st. Roth Mkm ultimately reissued a “buy” rating and set a price target for shares of Amazon.com of $210.00 (up from $205.00) in a report on Wednesday, May 1st. One equity research analyst rated the company’s stock with a hold rating, forty-four issued a buy rating and one gave the company’s stock a strong buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $211.62.

Check out our latest analysis on AMZN

Amazon.com sales decreased by 1.1%

On Friday, Amazon.com shares closed at $187.48. The company has a 50-day moving average of $180.15 and a 200-day moving average of $162.00. Amazon.com, Inc. it has a 1-year low of $109.25 and a 1-year high of $191.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.52, a P/E/G ratio of 1.36 and a beta of 1.15.

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

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.

Further reading

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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