Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lifted by Zeno Equity Partners LLP

Zeno Equity Partners LLP raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 55.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,302 shares of the e-commerce giant’s stock after buying an additional 52,380 shares during the period. Amazon.com comprises approximately 5.9% of Zeno Equity Partners LLP’s portfolio, making the stock its 7th largest position. Zeno Equity Partners LLP’s holdings in Amazon.com were worth $26,570,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMZN. Accordant Advisory Group Inc purchased a new position in Amazon.com during the first quarter valued at $233,000. Lakewood Asset Management LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at $207,000. Westbourne Investment Advisors Inc. increased its position in Amazon.com by 3.0% in the first quarter. Westbourne Investment Advisors Inc. now owns 27,595 shares of the e-commerce giant’s stock worth $4,978,000 after buying an additional 805 shares in the last quarter. Aurora Private Wealth Inc. increased its holdings in Amazon.com by 1.7% in the 1st quarter. Aurora Private Wealth Inc. now owns 16,183 shares of the e-commerce giant’s stock worth $2,928,000 after acquiring an additional 273 shares in the last quarter. Finally, Arthur M. Cohen & Associates LLC increased its stake in shares of Amazon.com by 0.6% in the first quarter. Arthur M. Cohen & Associates LLC now owns 134,900 shares of the e-commerce giant’s stock worth $24,334,000 after purchasing an additional 852 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on AMZN shares. The Goldman Sachs Group raised their target price on shares of Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $200.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Moffett Nathanson restated a “buy” rating and set a $228.00 price objective on shares of Amazon.com in a report on Thursday, April 11th. Susquehanna boosted their price target on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a report on Friday, February 2nd. Finally, Evercore ISI increased their price target on shares of Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $205.13.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the sale, the chief executive officer now directly owns 514,131 shares in the company, valued at approximately $87,397,128.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. In the last three months, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. 10.30% of the stock is owned by company insiders.

Amazon.com Trading Up 3.4 %

Shares of AMZN stock traded up $5.95 on Friday, hitting $179.62. The stock had a trading volume of 43,846,973 shares, compared to its average volume of 36,227,088. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77. The company has a fifty day moving average price of $177.99 and a two-hundred day moving average price of $158.59. The firm has a market cap of $1.87 trillion, a P/E ratio of 61.94, a PEG ratio of 1.50 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the previous year, the firm earned $0.21 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 4.11 earnings per share for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.