Guardian Partners Inc. Purchases 2,182 Shares of Amazon.com, Inc. $AMZN

Guardian Partners Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,088 shares of the e-commerce giant’s stock after buying an additional 2,182 shares during the quarter. Guardian Partners Inc.’s holdings in Amazon.com were worth $4,820,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Norges Bank purchased a new stake in shares of Amazon.com during the fourth quarter worth about $32,868,735,000. Auto Owners Insurance Co lifted its holdings in Amazon.com by 27,376.7% in the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after purchasing an additional 98,090,585 shares in the last quarter. J. Stern & Co. LLP boosted its stake in Amazon.com by 20,598.0% in the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock worth $20,308,193,000 after purchasing an additional 87,557,736 shares during the period. Nuveen LLC bought a new position in Amazon.com in the 1st quarter worth approximately $11,674,091,000. Finally, Cardano Risk Management B.V. grew its holdings in Amazon.com by 879.4% during the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock valued at $6,431,199,000 after buying an additional 25,017,588 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $278.09 on Tuesday. The firm has a fifty day simple moving average of $246.69 and a two-hundred day simple moving average of $237.78. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $3.00 trillion, a P/E ratio of 22.37, a PEG ratio of 1.83 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion for the quarter, compared to analysts’ expectations of $197.03 billion. During the same period in the prior year, the company earned $1.68 EPS. The business’s revenue was up 19.6% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $278.39, for a total transaction of $278,390.00. Following the sale, the chief executive officer directly owned 483,527 shares in the company, valued at $134,609,081.53. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $268.53, for a total value of $2,489,273.10. Following the completion of the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at $11,060,750.70. The trade was a 18.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 77,867 shares of company stock valued at $20,532,092. Corporate insiders own 8.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AMZN shares. BNP Paribas Exane lifted their price objective on shares of Amazon.com from $320.00 to $345.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amazon.com in a research note on Monday, August 3rd. Oppenheimer reiterated an “outperform” rating on shares of Amazon.com in a report on Friday, July 31st. Zacks Research upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Finally, Telsey Advisory Group set a $335.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $322.56.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon’s recent earnings breakout is attracting continued investor interest. Renewed AWS growth and accelerating AI demand could support earnings momentum and a post-earnings drift higher. Amazon: A Post-Earnings Drift Candidate
• Positive Sentiment: Analysts and market commentators point to accelerating cloud revenue as a potential long-term driver that could help Amazon grow beyond its recently achieved $3 trillion market capitalization. Amazon Just Joined the $3 Trillion Club
• Positive Sentiment: A reported institutional and retail “Power Inflow” alert provided a short-term bullish trading signal, helping reinforce buying momentum in AMZN. Amazon Shares Up After Key Trading Signal
• Positive Sentiment: Amazon’s Zoox robotaxi subsidiary began paid rides in Las Vegas after receiving a federal commercial exemption, marking a meaningful commercialization milestone for the company’s autonomous-vehicle investment. Zoox to Begin Paid Rides
• Positive Sentiment: Amazon Pharmacy is offering eligible Medicare patients access to certain weight-loss drugs for $50 per month, potentially expanding customer engagement and the company’s healthcare presence. Amazon Pharmacy Rolls Out Low-Cost Weight-Loss Drugs

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.