High Net Worth Advisory Group LLC Purchases 2,417 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

High Net Worth Advisory Group LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,956 shares of the e-commerce giant’s stock after acquiring an additional 2,417 shares during the quarter. Amazon.com accounts for 1.5% of High Net Worth Advisory Group LLC’s holdings, making the stock its 15th largest holding. High Net Worth Advisory Group LLC’s holdings in Amazon.com were worth $4,862,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Cooksen Wealth LLC acquired a new stake in Amazon.com in the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in 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 worth $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC bought a new position in Amazon.com in the fourth quarter valued at about $43,000. Harbor Investment Advisory LLC boosted its stake in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares in the last quarter. Finally, Clarity Asset Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter worth about $46,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMZN shares. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Truist Financial boosted their price objective on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Telsey Advisory Group raised their target price on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Moffett Nathanson reaffirmed a “buy” rating and set a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. Finally, Bank of America increased their price target on Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus target price of $215.74.

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s 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 transaction, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the sale, the chief executive officer now owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The disclosure for this sale can be found here. Insiders sold a total of 65,338 shares of company stock valued at $11,894,344 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

AMZN opened at $193.61 on Thursday. The firm’s fifty day moving average price is $182.88 and its two-hundred day moving average price is $172.28. The company has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 54.23, a P/E/G ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $194.80.

Amazon.com (NASDAQ:AMZN) last posted 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. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share 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.