Donaldson Capital Management LLC Has $11.38 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Donaldson Capital Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,095 shares of the e-commerce giant’s stock after buying an additional 2,023 shares during the period. Donaldson Capital Management LLC’s holdings in Amazon.com were worth $11,381,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AMZN. Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $17,700,551,000. Vanguard Group Inc. increased its stake in Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Amazon.com by 16,029.3% during the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after acquiring an additional 23,717,254 shares during the period. FMR LLC lifted its holdings in shares of Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in Amazon.com by 28.4% during the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after acquiring an additional 12,176,114 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock worth $5,505,889,146 in the last three months. 10.30% of the stock is owned by insiders.

Amazon.com Price Performance

Amazon.com stock traded up $5.95 during midday trading on Friday, reaching $179.62. 43,846,973 shares of the company were exchanged, compared to its average volume of 36,227,088. The firm’s 50-day simple moving average is $177.99 and its 200-day simple moving average is $158.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 61.94, a P/E/G ratio of 1.55 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period in the previous year, the company posted $0.21 EPS. The company’s revenue was up 13.9% compared to the same quarter last year. On average, analysts anticipate that Amazon.com, Inc. will post 4.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMZN. Bank of America boosted their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Mizuho raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Canaccord Genuity Group lifted their price objective on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. TD Cowen boosted their target price on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Barclays boosted their target price on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus price target of $205.13.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.