Southland Equity Partners LLC Buys 610 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Southland Equity Partners LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,591 shares of the e-commerce giant’s stock after purchasing an additional 610 shares during the quarter. Southland Equity Partners LLC’s holdings in Amazon.com were worth $2,271,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Davidson Investment Advisors grew its holdings in Amazon.com by 1.0% in the 3rd quarter. Davidson Investment Advisors now owns 502,883 shares of the e-commerce giant’s stock valued at $63,926,000 after buying an additional 4,748 shares during the last quarter. TAGStone Capital Inc. grew its stake in shares of Amazon.com by 0.3% in the third quarter. TAGStone Capital Inc. now owns 63,749 shares of the e-commerce giant’s stock worth $8,104,000 after acquiring an additional 168 shares during the last quarter. Davidson Trust Co. grew its stake in shares of Amazon.com by 32.1% in the third quarter. Davidson Trust Co. now owns 3,909 shares of the e-commerce giant’s stock worth $497,000 after acquiring an additional 949 shares during the last quarter. Argent Advisors Inc. increased its position in Amazon.com by 2.8% during the third quarter. Argent Advisors Inc. now owns 3,847 shares of the e-commerce giant’s stock worth $489,000 after acquiring an additional 105 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Amazon.com by 17.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,825,619 shares of the e-commerce giant’s stock valued at $232,073,000 after purchasing an additional 268,806 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $193.61 on Thursday. 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 stock has a market cap of $2.01 trillion, a P/E ratio of 54.23, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The stock’s 50-day moving average price is $182.88 and its two-hundred day moving average price is $172.28. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion during 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 business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AMZN shares. Bank of America boosted their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays raised their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Raymond James boosted their price objective on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 1st. Truist Financial raised their target price on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Mizuho boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One research 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $215.74.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com 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 transaction, the chief executive officer now directly owns 2,025,358 shares in the company, valued at $367,480,955.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $367,480,955.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. Insiders sold a total of 65,338 shares of company stock worth $11,894,344 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

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.