Amazon.com, Inc. $AMZN is Bedell Frazier Investment Counselling LLC’s 2nd Largest Position

Bedell Frazier Investment Counselling LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the second quarter, HoldingsChannel reports. The firm owned 106,682 shares of the e-commerce giant’s stock after selling 3,769 shares during the period. Amazon.com accounts for approximately 5.9% of Bedell Frazier Investment Counselling LLC’s holdings, making the stock its 2nd largest holding. Bedell Frazier Investment Counselling LLC’s holdings in Amazon.com were worth $23,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its position in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after buying an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after acquiring an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after acquiring an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE boosted its holdings in Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after purchasing an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new stake in Amazon.com during the 4th quarter valued at approximately $2,153,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Keith Brian Alexander sold 900 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $233.00, for a total value of $209,700.00. Following the sale, the director directly owned 7,170 shares in the company, valued at $1,670,610. This trade represents a 11.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the sale, the chief executive officer directly owned 2,208,310 shares in the company, valued at $479,070,771.40. The trade was a 0.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 82,234 shares of company stock valued at $19,076,767 in the last ninety days. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on AMZN shares. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, November 26th. Piper Sandler reaffirmed an “overweight” rating on shares of Amazon.com in a report on Wednesday. BMO Capital Markets reissued an “outperform” rating on shares of Amazon.com in a report on Friday. DZ Bank reissued a “buy” rating on shares of Amazon.com in a research report on Friday, October 31st. Finally, Wedbush reaffirmed an “outperform” rating and set a $340.00 price target on shares of Amazon.com in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $295.93.

Amazon.com Stock Performance

Shares of AMZN opened at $229.53 on Monday. The firm has a fifty day moving average of $228.58 and a 200-day moving average of $224.11. The company has a market cap of $2.45 trillion, a price-to-earnings ratio of 32.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.