Range Financial Group LLC Purchases New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

Range Financial Group LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,342 shares of the e-commerce giant’s stock, valued at approximately $422,000.

A number of other large investors have also modified their holdings of the company. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the last quarter. Strid Group LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $43,000. Harbor Investment Advisory LLC lifted its position in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $193.61 on Thursday. The company has a market cap of $2.01 trillion, a P/E ratio of 54.23, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $194.80. The business has a fifty day moving average of $182.88 and a two-hundred day moving average of $172.28. 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 (NASDAQ:AMZN) last released 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 net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis. As a group, analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMZN. Moffett Nathanson restated a “buy” rating and set a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Morgan Stanley raised their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a research report on Wednesday, May 15th. Finally, JPMorgan Chase & Co. lifted their target price on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. One 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’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $215.74.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Insiders sold 65,338 shares of company stock valued at $11,894,344 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

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.