18,940 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by General Partner Inc.

Posted by on Mar 18th, 2023

General Partner Inc. bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 18,940 shares of the e-commerce giant’s stock, valued at approximately $1,591,000. Amazon.com makes up 1.5% of General Partner Inc.’s investment portfolio, making the stock its 16th biggest holding.

A number of other large investors have also recently modified their holdings of AMZN. State Street Corp boosted its holdings in shares of Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares in the last quarter. FMR LLC boosted its holdings in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after purchasing an additional 90,167,792 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Amazon.com by 1,944.4% in the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after purchasing an additional 57,043,701 shares in the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several recent research reports. The Goldman Sachs Group cut their price objective on Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, January 13th. Roth Capital reissued a “buy” rating on shares of Amazon.com in a report on Friday, February 3rd. StockNews.com assumed coverage on Amazon.com in a report on Thursday. They set a “hold” rating on the stock. MKM Partners lowered their target price on Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, January 18th. Finally, JPMorgan Chase & Co. lowered their target price on Amazon.com from $142.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $144.72.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is owned by company insiders.

Amazon.com Trading Down 1.1 %

NASDAQ:AMZN opened at $98.95 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $1.01 trillion, a PE ratio of -369.20, a price-to-earnings-growth ratio of 3.91 and a beta of 1.25. The firm’s 50 day moving average is $97.01 and its 200 day moving average is $101.72. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $1.39 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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