Jaffetilchin Investment Partners LLC Has $33.34 Million Position in Amazon.com, Inc. $AMZN

Jaffetilchin Investment Partners LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,445 shares of the e-commerce giant’s stock after selling 4,417 shares during the period. Amazon.com accounts for about 1.9% of Jaffetilchin Investment Partners LLC’s portfolio, making the stock its 13th biggest holding. Jaffetilchin Investment Partners LLC’s holdings in Amazon.com were worth $33,341,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Vanguard Group Inc. increased its stake in shares of Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after buying an additional 8,913,959 shares during the period. State Street Corp increased its stake in shares of Amazon.com by 2.0% in the third quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant’s stock valued at $83,805,794,000 after buying an additional 7,584,156 shares during the period. Geode Capital Management LLC increased its stake in shares of Amazon.com by 1.7% in the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock valued at $47,332,625,000 after buying an additional 3,721,658 shares during the period. Norges Bank acquired a new stake in shares of Amazon.com in the second quarter valued at about $27,438,011,000. Finally, Northern Trust Corp increased its stake in shares of Amazon.com by 0.3% in the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after buying an additional 302,858 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.18, for a total value of $4,077,336.96. Following the transaction, the chief executive officer owned 2,238,118 shares in the company, valued at $459,217,051.24. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 17,751 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total value of $3,642,860.22. Following the completion of the transaction, the chief executive officer owned 9,405 shares in the company, valued at $1,930,094.10. This represents a 65.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 72,686 shares of company stock valued at $14,899,239. 9.70% of the stock is currently owned by company insiders.

Amazon.com Trading Up 3.5%

Shares of Amazon.com stock opened at $221.25 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. Amazon.com, Inc. has a 52 week low of $165.29 and a 52 week high of $258.60. The stock has a 50 day moving average price of $212.14 and a two-hundred day moving average price of $223.98. The stock has a market capitalization of $2.38 trillion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.38.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm had revenue of $213.39 billion during the quarter, compared to analyst estimates of $211.02 billion. During the same period last year, the business posted $1.86 EPS. The company’s revenue was up 13.6% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Key Stories Impacting Amazon.com

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMZN. Moffett Nathanson upped their target price on Amazon.com from $283.00 to $288.00 and gave the company a “buy” rating in a research report on Tuesday. Monness Crespi & Hardt cut their target price on Amazon.com from $300.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. The Goldman Sachs Group upped their target price on Amazon.com from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Wells Fargo & Company upped their price objective on shares of Amazon.com from $304.00 to $305.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Finally, Tigress Financial increased their price objective on shares of Amazon.com from $305.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.39.

View Our Latest Stock Analysis on Amazon.com

Amazon.com Company Profile

(Free Report)

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.

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

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