Emerald Advisors LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Apr 6th, 2023

Emerald Advisors LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,900 shares of the e-commerce giant’s stock after purchasing an additional 318 shares during the period. Amazon.com comprises about 0.4% of Emerald Advisors LLC’s investment portfolio, making the stock its 16th biggest position. Emerald Advisors LLC’s holdings in Amazon.com were worth $1,504,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Amazon.com by 1.8% during the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after purchasing an additional 12,456,995 shares in the last quarter. State Street Corp lifted its position in Amazon.com by 1.0% during the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after purchasing an additional 3,121,516 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Amazon.com by 1,838.8% during the second 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 lifted its position in shares of Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Amazon.com by 1,867.0% in the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after acquiring an additional 90,167,792 shares in the last quarter. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 2.7 %

AMZN opened at $101.10 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The stock has a market cap of $1.04 trillion, a price-to-earnings ratio of -377.22, a P/E/G ratio of 4.28 and a beta of 1.26. The stock’s 50 day moving average price is $98.31 and its 200-day moving average price is $98.96. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $162.20.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The firm had revenue of $149.20 billion during the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 1.33 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on AMZN. Morgan Stanley boosted their price objective on Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. MKM Partners lowered their price objective on Amazon.com from $145.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, January 18th. Needham & Company LLC restated a “buy” rating and issued a $120.00 price objective on shares of Amazon.com in a research report on Wednesday. Evercore ISI lowered their price objective on Amazon.com from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Truist Financial lowered their price objective on Amazon.com from $160.00 to $142.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.82.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 value 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 77,693 shares of company stock worth $7,634,308. Company insiders own 12.70% of the company’s stock.

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.

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

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