Constitution Capital LLC Buys 1,602 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Constitution Capital LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,902 shares of the e-commerce giant’s stock after purchasing an additional 1,602 shares during the quarter. Amazon.com accounts for about 1.0% of Constitution Capital LLC’s portfolio, making the stock its 22nd largest position. Constitution Capital LLC’s holdings in Amazon.com were worth $1,786,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after purchasing an additional 13,134,632 shares during the last quarter. FMR LLC grew its holdings in shares of Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares during the last quarter. Norges Bank bought a new stake in shares of Amazon.com during the 4th quarter valued at approximately $17,700,551,000. Northern Trust Corp grew its holdings in shares of 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 valued at $11,736,905,000 after purchasing an additional 3,260,411 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in Amazon.com by 2.5% during the 4th quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after acquiring an additional 1,389,503 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

AMZN opened at $193.25 on Friday. The firm has a market cap of $2.01 trillion, a P/E ratio of 54.13, a PEG ratio of 1.42 and a beta of 1.14. The firm has a 50-day moving average of $183.87 and a 200 day moving average of $173.11. 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. has a fifty-two week low of $118.35 and a fifty-two week 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 EPS 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 the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. On average, research analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the sale, 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 the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,025,358 shares in the company, valued at $367,480,955.52. The disclosure for this sale can be found here. Insiders have sold a total of 65,338 shares of company stock valued at $11,894,344 over the last three months. 10.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AMZN shares. JMP Securities reissued a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Tigress Financial boosted their target price on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Moffett Nathanson reissued a “buy” rating and set a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. Morgan Stanley boosted their target price on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Piper Sandler boosted their target price on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $215.86.

About Amazon.com

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.