Morningstar Investment Services LLC Has $84.78 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Morningstar Investment Services LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.6% in the first quarter, Holdings Channel.com reports. The firm owned 27,750 shares of the e-commerce giant’s stock after buying an additional 3,960 shares during the period. Amazon.com comprises approximately 1.1% of Morningstar Investment Services LLC’s investment portfolio, making the stock its 24th biggest holding. Morningstar Investment Services LLC’s holdings in Amazon.com were worth $84,783,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AMZN. Mosaic Family Wealth LLC raised its holdings in shares of Amazon.com by 0.4% in the 4th quarter. Mosaic Family Wealth LLC now owns 787 shares of the e-commerce giant’s stock worth $2,563,000 after purchasing an additional 3 shares during the period. Hallmark Capital Management Inc. raised its holdings in shares of Amazon.com by 0.7% in the 4th quarter. Hallmark Capital Management Inc. now owns 445 shares of the e-commerce giant’s stock worth $1,449,000 after purchasing an additional 3 shares during the period. Summit Asset Management LLC raised its holdings in shares of Amazon.com by 0.4% in the 4th quarter. Summit Asset Management LLC now owns 722 shares of the e-commerce giant’s stock worth $2,352,000 after purchasing an additional 3 shares during the period. Core Wealth Advisors Inc. raised its holdings in shares of Amazon.com by 1.8% in the 4th quarter. Core Wealth Advisors Inc. now owns 173 shares of the e-commerce giant’s stock worth $563,000 after purchasing an additional 3 shares during the period. Finally, Novak Financial Planning LLC raised its holdings in shares of Amazon.com by 0.6% in the 1st quarter. Novak Financial Planning LLC now owns 466 shares of the e-commerce giant’s stock worth $1,442,000 after purchasing an additional 3 shares during the period. Institutional investors and hedge funds own 57.05% of the company’s stock.

In related news, CEO Jeffrey P. Bezos sold 109,945 shares of Amazon.com stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $3,459.88, for a total transaction of $380,396,506.60. Following the sale, the chief executive officer now directly owns 52,941,144 shares in the company, valued at $183,170,005,302.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David H. Clark sold 278 shares of the company’s stock in a transaction dated Thursday, April 29th. The stock was sold at an average price of $3,506.80, for a total transaction of $974,890.40. Following the completion of the sale, the chief executive officer now directly owns 1,174 shares in the company, valued at $4,116,983.20. The disclosure for this sale can be found here. Insiders have sold a total of 131,040 shares of company stock worth $449,201,684 in the last ninety days. Insiders own 14.00% of the company’s stock.

AMZN opened at $3,349.65 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.05 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $1.69 trillion, a PE ratio of 63.74, a PEG ratio of 2.00 and a beta of 1.15. The company’s 50 day simple moving average is $3,289.65. Amazon.com, Inc. has a 52-week low of $2,503.35 and a 52-week high of $3,554.00.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Wednesday, April 28th. The e-commerce giant reported $15.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $9.54 by $6.25. Amazon.com had a net margin of 6.42% and a return on equity of 30.47%. The business had revenue of $108.52 billion for the quarter, compared to the consensus estimate of $105.23 billion. As a group, analysts forecast that Amazon.com, Inc. will post 57.12 earnings per share for the current fiscal year.

A number of research firms recently commented on AMZN. Truist Securities lifted their price target on shares of Amazon.com from $3,750.00 to $4,000.00 and gave the stock a “buy” rating in a report on Friday, April 30th. Citigroup upped their price target on Amazon.com from $3,750.00 to $4,175.00 in a research report on Wednesday, May 12th. JMP Securities raised their price objective on shares of Amazon.com from $4,350.00 to $4,500.00 and gave the company a “market outperform” rating in a research report on Friday, April 30th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on shares of Amazon.com from $3,750.00 to $4,175.00 and gave the stock a “buy” rating in a report on Wednesday, May 12th. Finally, Bank of America reissued a “buy” rating and issued a $4,360.00 price target on shares of Amazon.com in a report on Tuesday, May 25th. Two investment analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $4,168.98.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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