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Naples Money Management LLC is making a new investment in Amazon.com, Inc. (NASDAQ:AMZN)


Naples Money Management LLC acquired a new stake in shares of Amazon.com, Inc. in the fourth quarter, according to Holdings Channel.com. (NASDAQ:AMZN). The institutional investor purchased 23,490 shares of the e-commerce giant’s stock worth approximately $3,569,000. Amazon.com accounts for 3.3% of Naples Money Management LLC, making it the company’s sixth-largest holding.

Several other large investors have also recently adjusted their stakes in the company. In the third quarter, Vanguard Group Inc. increased its stake in Amazon.com shares by 4.4%. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. FMR LLC increased its stake in shares of Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares during the period. Northern Trust Corp increased its stake in shares of Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares during the period. Jennison Associates LLC increased its position in shares of Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after purchasing an additional 12,176,114 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Amazon.com shares by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock valued at $6,406,216,000 after purchasing an additional 1,374,052 shares during the period. 72.20% of the shares are held by institutional investors and hedge funds.

Amazon.com Stock Up 0.8%

On Friday, AMZN opened at $189.50. Amazon.com, Inc. it has a fifty-two week low of $108.05 and a fifty-two week high of $191.70. The company has a 50-day moving average of $179.90 and a 200-day moving average of $161.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market capitalization of $1.97 trillion, a PE ratio of 53.08, a price-to-earnings ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analyst consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the company earned $0.31 EPS. The company’s quarterly revenue increased 12.5% ​​year-over-year. Stock research analysts predict that Amazon.com, Inc. will report 4.67 EPS for the current financial year.

Wall Street analysts predict growth

Many analysts have recently published reports on the company. Monness Crespi & Hardt raised their price target on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Telsey Advisory Group increased their target price on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. JMP Securities reaffirmed a market outperform rating and set a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Evercore ISI raised their price target on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Truist Financial upped their price target on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” in a report on Wednesday, May 1st. One analyst rated the company’s shares with a hold recommendation, forty-four gave a buy recommendation, and one gave a strong buy recommendation. The company currently has an average rating of “Buy” and a consensus price target of $211.62, according to MarketBeat.com.

See our latest research report on AMZN

Insider activity on Amazon.com

In related news, CEO Douglas J. Herrington sold 14,300 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $175.00, for a total value of $2,502,500.00. Following the transaction, the CEO now directly owns 499,831 shares of the company’s stock, valued at approximately $87,470,425. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Douglas J. Herrington sold 14,300 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $175.00, for a total value of $2,502,500.00. Following the transaction, the CEO now directly owns 499,831 shares of the company’s stock, valued at approximately $87,470,425. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. Additionally, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $169.97 for a total value of $1,019,624,364.53. Following the completion of the transaction, the insider now directly owns 952,258,723 shares of the company’s stock valued at $161,855,415,148.31. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 20,187,979 shares of company stock worth $3,440,575,337. Corporate insiders own 10.80% of the company’s shares.

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

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Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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