Range Financial Group LLC Invests $422,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Range Financial Group LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,342 shares of the e-commerce giant’s stock, valued at approximately $422,000.

Other large investors also recently added to or reduced their stakes in the company. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the fourth quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Amazon.com by 45.0% during 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 buying an additional 86 shares during the period. Strid Group LLC bought a new stake in Amazon.com in the 4th quarter worth $43,000. Harbor Investment Advisory LLC increased its position in shares of 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 acquiring an additional 1,988 shares during the period. Finally, Clarity Asset Management Inc. bought a new position in shares of Amazon.com during the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. Barclays raised their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Citigroup raised their price target on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Wells Fargo & Company lifted their price target on shares of Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Raymond James upped their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus price target of $215.74.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.22, for a total transaction of $186,220.00. Following the transaction, the director now directly owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The disclosure for this sale can be found here. Insiders have sold 65,338 shares of company stock worth $11,894,344 in the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 3.9 %

Shares of AMZN stock opened at $193.61 on Thursday. The stock has a market capitalization of $2.01 trillion, a P/E ratio of 54.23, a P/E/G ratio of 1.33 and a beta of 1.14. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm’s 50 day moving average is $182.88 and its 200 day moving average is $172.28. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $194.80.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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 return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

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.