Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Legacy Financial Group LLC

Legacy Financial Group LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 733.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,169 shares of the e-commerce giant’s stock after purchasing an additional 13,349 shares during the period. Legacy Financial Group LLC’s holdings in Amazon.com were worth $2,736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AMZN. Norges Bank acquired a new position in shares of Amazon.com in the 4th quarter valued at about $17,700,551,000. Vanguard Group Inc. lifted its position 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 acquiring an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC lifted its position in Amazon.com by 16,029.3% during the 4th 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 in the last quarter. FMR LLC lifted its position in Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Amazon.com by 3.7% during the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after acquiring an additional 3,260,411 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of AMZN opened at $189.08 on Friday. The company has a market cap of $1.97 trillion, a P/E ratio of 52.96, a PEG ratio of 1.33 and a beta of 1.14. The stock has a fifty day moving average price of $182.78 and a 200 day moving average price of $171.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $191.70.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the prior year, the business earned $0.31 EPS. The firm’s revenue was up 12.5% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AMZN shares. Rosenblatt Securities reissued a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Mizuho boosted their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Monness Crespi & Hardt boosted their price target on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Stifel Nicolaus boosted their price target on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Wells Fargo & Company upped their target price on Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $215.37.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the transaction, the chief executive officer now owns 512,858 shares in the company, valued at approximately $92,688,826.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the completion of the transaction, the chief executive officer now owns 2,025,358 shares in the company, valued at approximately $367,480,955.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the transaction, the chief executive officer now owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,338 shares of company stock worth $11,894,344. 10.80% of the stock is owned by company insiders.

Amazon.com 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.