Amazon.com, Inc. (AMZN) Position Increased by Genovese Burford & Brothers Wealth & Retirement Plan Management LLC

Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 80,761.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,470 shares of the e-commerce giant’s stock after buying an additional 175,253 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s holdings in Amazon.com were worth $175,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of AMZN. State Street Corp raised its stake in Amazon.com by 3.5% in the fourth quarter. State Street Corp now owns 16,357,782 shares of the e-commerce giant’s stock worth $12,266,213,000 after buying an additional 548,945 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Amazon.com by 2.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,317,381 shares of the e-commerce giant’s stock worth $8,638,846,000 after buying an additional 237,004 shares during the last quarter. BlackRock Fund Advisors raised its stake in Amazon.com by 4.2% in the third quarter. BlackRock Fund Advisors now owns 4,893,066 shares of the e-commerce giant’s stock worth $4,097,013,000 after buying an additional 198,927 shares during the last quarter. Northern Trust Corp raised its stake in Amazon.com by 1.3% in the third quarter. Northern Trust Corp now owns 4,637,241 shares of the e-commerce giant’s stock worth $3,882,808,000 after buying an additional 59,052 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Amazon.com by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 4,314,655 shares of the e-commerce giant’s stock worth $3,612,703,000 after buying an additional 21,840 shares during the last quarter. 65.08% of the stock is currently owned by hedge funds and other institutional investors.

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

Amazon.com, Inc. (NASDAQ:AMZN) opened at 845.61 on Monday. The stock has a market capitalization of $403.50 billion, a P/E ratio of 172.57 and a beta of 1.40. Amazon.com, Inc. has a 52 week low of $575.56 and a 52 week high of $862.80. The company has a 50 day moving average of $843.27 and a 200 day moving average of $803.85.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.19. The company earned $43.74 billion during the quarter, compared to the consensus estimate of $44.66 billion. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. The firm’s revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS. Equities analysts expect that Amazon.com, Inc. will post $7.18 EPS for the current fiscal year.

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A number of research firms have recently commented on AMZN. Cowen and Company reaffirmed an “outperform” rating and issued a $1,050.00 price objective on shares of Amazon.com in a research note on Sunday, February 5th. Evercore ISI reaffirmed a “buy” rating and issued a $990.00 price objective on shares of Amazon.com in a research note on Monday, November 28th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $1,000.00 price objective on shares of Amazon.com in a research note on Saturday, December 10th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Friday, December 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $950.00 price objective on shares of Amazon.com in a research note on Sunday, December 4th. Five equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company’s stock. Amazon.com currently has a consensus rating of “Buy” and an average target price of $938.95.

In related news, Director Tom A. Alberg sold 590 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total transaction of $501,500.00. Following the completion of the transaction, the director now directly owns 22,525 shares in the company, valued at approximately $19,146,250. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David Zapolsky sold 503 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total value of $427,550.00. Following the transaction, the insider now owns 2,523 shares of the company’s stock, valued at $2,144,550. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

5 Day Chart for NASDAQ:AMZN

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