Perennial Advisors LLC Has $16.40 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Perennial Advisors LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,204 shares of the e-commerce giant’s stock after purchasing an additional 742 shares during the quarter. Amazon.com accounts for about 3.3% of Perennial Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. Perennial Advisors LLC’s holdings in Amazon.com were worth $16,401,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the fourth quarter worth approximately $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new stake in Amazon.com in the fourth quarter worth $35,000. Perritt Capital Management Inc increased its position in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC boosted its stake in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the sale, the chief executive officer now owns 517,050 shares of the company’s stock, valued at $105,984,909. This trade represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president now directly owns 47,030 shares of the company’s stock, valued at $9,519,342.30. This trade represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock valued at $20,531,075 over the last three months. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $209.69 on Friday. The company has a 50-day simple moving average of $198.41 and a two-hundred day simple moving average of $209.25. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market cap of $2.23 trillion, a price-to-earnings ratio of 34.15, a PEG ratio of 1.59 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMZN shares. Oppenheimer boosted their target price on shares of Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday. BNP Paribas upgraded shares of Amazon.com to a “hold” rating in a research note on Wednesday, April 30th. Jefferies Financial Group lowered their price objective on Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Citigroup reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, June 2nd. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $245.53.

Amazon.com Company 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.