Silverleafe Capital Partners LLC Has $824,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Silverleafe Capital Partners LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% during the first quarter, HoldingsChannel.com reports. The fund owned 4,570 shares of the e-commerce giant’s stock after acquiring an additional 330 shares during the quarter. Silverleafe Capital Partners LLC’s holdings in Amazon.com were worth $824,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. New England Research & Management Inc. increased its holdings in shares of Amazon.com by 5.9% during the first quarter. New England Research & Management Inc. now owns 9,413 shares of the e-commerce giant’s stock worth $1,698,000 after buying an additional 525 shares in the last quarter. Norway Savings Bank grew its position in Amazon.com by 3.6% during the 1st quarter. Norway Savings Bank now owns 26,688 shares of the e-commerce giant’s stock worth $4,814,000 after acquiring an additional 933 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in Amazon.com by 71.5% during the 1st quarter. Kathmere Capital Management LLC now owns 8,776 shares of the e-commerce giant’s stock valued at $1,583,000 after purchasing an additional 3,658 shares in the last quarter. Cambridge Advisors Inc. raised its position in Amazon.com by 1.5% in the 1st quarter. Cambridge Advisors Inc. now owns 4,625 shares of the e-commerce giant’s stock valued at $834,000 after purchasing an additional 70 shares during the last quarter. Finally, Sawyer & Company Inc grew its holdings in shares of Amazon.com by 1.1% during the first quarter. Sawyer & Company Inc now owns 17,100 shares of the e-commerce giant’s stock worth $3,084,000 after purchasing an additional 182 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 1.2 %

NASDAQ AMZN opened at $197.59 on Friday. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $200.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock’s 50 day moving average price is $185.10 and its two-hundred day moving average price is $174.15. The stock has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 55.35, a PEG ratio of 1.43 and a beta of 1.15.

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

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the transaction, the chief executive officer now directly owns 509,358 shares in the company, valued at $91,832,153.82. The transaction was disclosed in a filing with the SEC, which can be accessed 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 on Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total transaction of $631,015.00. Following the sale, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. Insiders sold 69,548 shares of company stock worth $12,774,204 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Moffett Nathanson reiterated a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. Evercore ISI increased their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Morgan Stanley boosted their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Barclays increased their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $215.86.

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.