Amazon.com, Inc. (NASDAQ:AMZN) Stake Boosted by Global Assets Advisory LLC

Global Assets Advisory LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 30,350.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,531,569 shares of the e-commerce giant’s stock after purchasing an additional 6,510,119 shares during the period. Amazon.com comprises 3.8% of Global Assets Advisory LLC’s portfolio, making the stock its 6th largest holding. Global Assets Advisory LLC owned approximately 0.06% of Amazon.com worth $1,178,164,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Davidson Investment Advisors grew its holdings in Amazon.com by 1.0% during the 3rd quarter. Davidson Investment Advisors now owns 502,883 shares of the e-commerce giant’s stock valued at $63,926,000 after buying an additional 4,748 shares in the last quarter. TAGStone Capital Inc. boosted its position in shares of Amazon.com by 0.3% during the third quarter. TAGStone Capital Inc. now owns 63,749 shares of the e-commerce giant’s stock worth $8,104,000 after acquiring an additional 168 shares during the last quarter. Davidson Trust Co. grew its stake in Amazon.com by 32.1% during the third quarter. Davidson Trust Co. now owns 3,909 shares of the e-commerce giant’s stock valued at $497,000 after acquiring an additional 949 shares in the last quarter. Argent Advisors Inc. increased its holdings in Amazon.com by 2.8% in the 3rd quarter. Argent Advisors Inc. now owns 3,847 shares of the e-commerce giant’s stock valued at $489,000 after acquiring an additional 105 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Amazon.com by 17.3% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,825,619 shares of the e-commerce giant’s stock worth $232,073,000 after purchasing an additional 268,806 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Moffett Nathanson restated a “buy” rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. Barclays upped their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Roth Mkm reiterated a “buy” rating and set a $210.00 target price (up from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Robert W. Baird boosted their price target on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus price target of $215.74.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the sale, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,338 shares of company stock valued at $11,894,344. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $193.61 on Thursday. The company’s 50 day moving average is $182.88 and its 200 day moving average is $172.28. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.01 trillion, a price-to-earnings ratio of 54.23, a PEG ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $194.80.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business posted $0.31 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

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.