Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Global Retirement Partners LLC


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Global Retirement Partners LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,236 shares of the e-commerce giant’s stock after buying an additional 252 shares during the quarter. Amazon.com accounts for approximately 1.3% of Global Retirement Partners LLC’s portfolio, making the stock its 12th largest holding. Global Retirement Partners LLC’s holdings in Amazon.com were worth $10,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Townsend Asset Management Corp NC ADV grew its position in shares of Amazon.com by 4.3% in the third quarter. Townsend Asset Management Corp NC ADV now owns 941 shares of the e-commerce giant’s stock valued at $2,963,000 after purchasing an additional 39 shares during the last quarter. Polar Capital LLP grew its position in shares of Amazon.com by 1.7% in the third quarter. Polar Capital LLP now owns 128,949 shares of the e-commerce giant’s stock valued at $406,026,000 after purchasing an additional 2,199 shares during the last quarter. Castle Rock Wealth Management LLC grew its position in shares of Amazon.com by 15.5% in the third quarter. Castle Rock Wealth Management LLC now owns 1,477 shares of the e-commerce giant’s stock valued at $4,704,000 after purchasing an additional 198 shares during the last quarter. Peapack Gladstone Financial Corp grew its position in shares of Amazon.com by 4.1% in the third quarter. Peapack Gladstone Financial Corp now owns 10,088 shares of the e-commerce giant’s stock valued at $31,764,000 after purchasing an additional 395 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its position in Amazon.com by 19.7% during the third quarter. Mercer Global Advisors Inc. ADV now owns 24,618 shares of the e-commerce giant’s stock worth $77,437,000 after acquiring an additional 4,048 shares during the last quarter. Institutional investors own 56.39% of the company’s stock.

In other news, Director Jonathan Rubinstein sold 314 shares of Amazon.com stock in a transaction dated Tuesday, January 5th. The shares were sold at an average price of $3,166.01, for a total value of $994,127.14. Following the completion of the transaction, the director now directly owns 6,758 shares of the company’s stock, valued at approximately $21,395,895.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 6,945 shares of Amazon.com stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $3,061.74, for a total transaction of $21,263,784.30. Following the completion of the transaction, the chief executive officer now directly owns 82,599 shares of the company’s stock, valued at $252,896,662.26. The disclosure for this sale can be found here. Insiders sold a total of 14,927 shares of company stock valued at $46,256,596 over the last ninety days. Company insiders own 16.10% of the company’s stock.

Shares of AMZN stock opened at $3,165.89 on Thursday. The firm has a market cap of $1.59 trillion, a P/E ratio of 92.71, a P/E/G ratio of 2.43 and a beta of 1.19. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.11 and a quick ratio of 0.88. Amazon.com, Inc. has a 1-year low of $1,626.03 and a 1-year high of $3,552.25. The firm has a fifty day moving average of $3,186.56 and a two-hundred day moving average of $3,160.85.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, November 3rd. The e-commerce giant reported $12.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $7.41 by $4.96. The company had revenue of $96.15 billion during the quarter, compared to analyst estimates of $92.56 billion. Amazon.com had a net margin of 4.99% and a return on equity of 24.49%. The firm’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same period last year, the business earned $4.23 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 34.56 EPS for the current year.

A number of analysts recently issued reports on AMZN shares. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $3,750.00 to $4,000.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Truist Financial restated a “buy” rating and set a $3,650.00 target price on shares of Amazon.com in a research report on Friday, November 27th. Barclays raised their target price on shares of Amazon.com from $3,530.00 to $3,660.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Needham & Company LLC restated a “buy” rating and set a $3,700.00 target price on shares of Amazon.com in a research report on Tuesday, December 8th. Finally, Pivotal Research raised their target price on shares of Amazon.com from $3,925.00 to $4,500.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and forty-seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $3,645.47.

Amazon.com Profile

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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