Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 632,355 shares of the e-commerce giant’s stock after acquiring an additional 57,630 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Amazon.com were worth $138,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Swedbank AB raised its position in Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after buying an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC purchased a new position in Amazon.com during the 3rd quarter valued at about $279,000. Howard Capital Management Group LLC increased its holdings in shares of Amazon.com by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after purchasing an additional 897 shares during the period. Meridian Management Co. lifted its position in shares of Amazon.com by 27.6% in the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock worth $6,235,000 after purchasing an additional 7,246 shares in the last quarter. Finally, Pettinga Financial Advisors LLC boosted its holdings in shares of Amazon.com by 4.3% during the third quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant’s stock worth $1,027,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMZN. JPMorgan Chase & Co. reduced their price objective on Amazon.com from $270.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Tigress Financial lifted their price target on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Bank of America dropped their price objective on Amazon.com from $257.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Barclays lifted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Stifel Nicolaus boosted their target price on shares of Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $252.73.

Amazon.com Price Performance

Shares of AMZN opened at $174.33 on Thursday. The business has a 50-day moving average of $200.86 and a 200-day moving average of $208.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 31.52, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $10,933,860. This represents a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 over the last quarter. Company insiders own 10.80% of the company’s stock.

About Amazon.com

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.