First Republic Investment Management Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.3% in the first quarter, Holdings Channel reports. The firm owned 5,738,985 shares of the e-commerce giant’s stock after acquiring an additional 392,657 shares during the period. Amazon.com accounts for 1.3% of First Republic Investment Management Inc.’s investment portfolio, making the stock its 7th biggest position. First Republic Investment Management Inc.’s holdings in Amazon.com were worth $592,780,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the business. Kavar Capital Partners Group LLC boosted its holdings in Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after acquiring an additional 79 shares during the period. IFM Investors Pty Ltd increased its holdings in Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. raised its position in shares of Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after purchasing an additional 15 shares in the last quarter. Markel Corp boosted its stake in shares of Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after buying an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC grew its position in shares of Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after buying an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on AMZN. UBS Group increased their price objective on shares of Amazon.com from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Robert W. Baird boosted their price objective on Amazon.com from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Wolfe Research lifted their target price on Amazon.com from $140.00 to $150.00 in a research report on Monday, July 10th. JMP Securities upped their price target on Amazon.com from $140.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, Stifel Nicolaus increased their target price on shares of Amazon.com from $101.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Three analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.87.
Insider Activity
In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $130.93, for a total value of $523,720.00. Following the completion of the transaction, the chief executive officer now owns 564,301 shares of the company’s stock, valued at approximately $73,883,929.93. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $130.93, for a total transaction of $523,720.00. Following the sale, the chief executive officer now directly owns 564,301 shares of the company’s stock, valued at $73,883,929.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,365,829 shares of company stock valued at $49,002,857. Insiders own 12.30% of the company’s stock.
Amazon.com Stock Performance
Shares of AMZN opened at $137.85 on Friday. The firm has a market cap of $1.42 trillion, a price-to-earnings ratio of 108.54, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24. The company’s fifty day moving average is $133.60 and its 200-day moving average is $117.10. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $143.63.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.29. The business had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. Equities analysts expect that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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