Silicon Valley Capital Partners Boosts Holdings in Amazon.com, Inc. (AMZN)

Silicon Valley Capital Partners raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 28.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,100 shares of the e-commerce giant’s stock after buying an additional 241 shares during the quarter. Amazon.com accounts for about 0.9% of Silicon Valley Capital Partners’ holdings, making the stock its 11th biggest holding. Silicon Valley Capital Partners’ holdings in Amazon.com were worth $1,955,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Summit Trail Advisors LLC boosted its stake in shares of Amazon.com by 180,406.1% in the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after purchasing an additional 9,842,959 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Amazon.com by 198,956.6% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock valued at $1,949,000 after purchasing an additional 3,338,491 shares during the last quarter. Natixis boosted its stake in shares of Amazon.com by 296.9% in the 1st quarter. Natixis now owns 198,729 shares of the e-commerce giant’s stock valued at $287,629,000 after purchasing an additional 148,654 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Amazon.com by 8.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,418,279 shares of the e-commerce giant’s stock valued at $2,410,791,000 after purchasing an additional 111,901 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Amazon.com by 10.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,172,604 shares of the e-commerce giant’s stock valued at $1,697,157,000 after purchasing an additional 111,563 shares during the last quarter. Hedge funds and other institutional investors own 56.59% of the company’s stock.

Shares of AMZN opened at $1,755.49 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 1.08. Amazon.com, Inc. has a twelve month low of $1,115.77 and a twelve month high of $2,050.50. The company has a market capitalization of $803.28 billion, a price-to-earnings ratio of 385.82, a P/E/G ratio of 3.14 and a beta of 1.70.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.29 by $2.46. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. The firm had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. Analysts anticipate that Amazon.com, Inc. will post 19.37 earnings per share for the current year.

In other news, Director Patricia Q. Stonesifer sold 1,375 shares of Amazon.com stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $1,678.99, for a total value of $2,308,611.25. Following the sale, the director now directly owns 9,127 shares in the company, valued at $15,324,141.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 16,964 shares of Amazon.com stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $1,632.23, for a total transaction of $27,689,149.72. Following the completion of the sale, the chief executive officer now owns 78,884,539 shares in the company, valued at $128,757,711,091.97. The disclosure for this sale can be found here. Insiders sold 36,327 shares of company stock worth $64,744,896 over the last quarter. 16.30% of the stock is owned by corporate insiders.

AMZN has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, October 29th. Stifel Nicolaus reissued a “buy” rating and set a $2,525.00 price objective on shares of Amazon.com in a research note on Friday, October 12th. BidaskClub lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. SunTrust Banks lifted their price objective on shares of Amazon.com to $2,250.00 and gave the stock a “buy” rating in a research note on Friday, October 26th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $2,185.00 price objective on shares of Amazon.com in a research note on Friday, August 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $2,091.53.

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About Amazon.com

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) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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