Freestone Capital Holdings LLC has $61.55M position in Amazon.com, Inc. (NASDAQ:AMZN)

Freestone Capital Holdings LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% during the first quarter, Holdings Channel reports. The firm owned 341,223 shares of the e-commerce giant’s stock after acquiring an additional 13,659 shares during the period. Amazon.com makes up about 2.3% of Freestone Capital Holdings LLC’s investment portfolio, making the stock its 8th largest position. Freestone Capital Holdings LLC’s holdings in Amazon.com were worth $61,550,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new position in Amazon.com in the fourth quarter valued at approximately $17,700,551,000. International Assets Investment Management LLC boosted its stake in Amazon.com by 16,029.3% in the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after which bought an additional 23,717,254 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the last quarter. Global Assets Advisory LLC grew its position in Amazon.com by 30,350.2% in the first quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock worth $1,178,164,000 after purchasing an additional 6,510,119 shares during the last quarter. Finally, Assenagon Asset Management SA boosted its stake in Amazon.com by 33.2% in the first quarter. Assenagon Asset Management SA now owns 14,791,685 shares of the e-commerce giant’s stock worth $2,668,124,000 after buying an additional 3,687,522 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s shares.

Analysts set new price targets

A number of analysts have analyzed AMZN shares. TD Securities upped their target price on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. BMO Capital Markets boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Goldman Sachs Group dropped their price target on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wedbush reissued an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Finally, Jefferies Financial Group decreased their price objective on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, 2 August. One analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $221.88, based on data from MarketBeat.com.

Get the latest stock report on Amazon.com

Indoor activity

In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the transaction, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the completion of the sale, the chief executive officer now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the transaction, the insider now owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here. Insiders sold a total of 6,106,726 shares of company stock worth $1,221,095,028 over the last quarter. 10.80% of shares are currently held by corporate insiders.

Amazon.com stocks up 1.9%

Shares of AMZN opened at $165.80 on Friday. The stock’s 50-day simple moving average is $185.67 and its 200-day simple moving average is $179.80. The company has a market cap of $1.73 trillion, a P/E ratio of 46.44, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87, and a current ratio of 1.07. Amazon.com, Inc. it has a fifty-two week low of $118.35 and a fifty-two week high of $201.20.

Amazon.com Company Profile

(Free Report)

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

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Want to see what other hedge funds own AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

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