Morton Capital Management LLC CA Purchases 260 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Morton Capital Management LLC CA boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 16,907 shares of the e-commerce giant’s stock after buying an additional 260 shares during the quarter. Amazon.com makes up about 0.8% of Morton Capital Management LLC CA’s portfolio, making the stock its 14th largest position. Morton Capital Management LLC CA’s holdings in Amazon.com were worth $3,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Amazon.com by 45.0% in the 4th 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 bought a new stake in shares of Amazon.com in the 4th quarter valued at about $43,000. Harbor Investment Advisory LLC increased its stake in shares of Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. bought a new stake in Amazon.com during the 4th quarter worth approximately $46,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $197.85 on Friday. The stock’s 50-day simple moving average is $183.13 and its 200 day simple moving average is $172.43. The firm has a market capitalization of $2.06 trillion, a PE ratio of 55.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $199.84.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMZN. Needham & Company LLC reissued a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research note on Wednesday, May 15th. Bank of America increased their target price on Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday. Mizuho increased their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Loop Capital upped their price target on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Raymond James upped their price target on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $215.74.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com 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 sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value 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 $24,214,400. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,338 shares of company stock valued at $11,894,344. 10.80% of the stock is currently owned by corporate insiders.

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.