Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by Crane Advisory LLC

Crane Advisory LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 60.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,404 shares of the e-commerce giant’s stock after acquiring an additional 1,280 shares during the period. Amazon.com makes up 0.1% of Crane Advisory LLC’s holdings, making the stock its 22nd largest position. Crane Advisory LLC’s holdings in Amazon.com were worth $613,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of 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 purchasing an additional 86 shares during the period. Strid Group LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at $43,000. Harbor Investment Advisory LLC increased its position in shares of Amazon.com by 0.7% during the 4th 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 during the period. Finally, Clarity Asset Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter valued at $46,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the transaction, the director now directly owns 104,400 shares in the company, valued at $19,836,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 5,264 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the completion of the sale, the director now owns 104,400 shares in the company, valued at $19,836,000. The disclosure for this sale can be found here. Insiders have sold a total of 65,338 shares of company stock worth $11,894,344 over the last three months. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Up 2.2 %

Shares of AMZN stock opened at $197.85 on Friday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $199.84. 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 company has a 50-day simple moving average of $183.13 and a two-hundred day simple moving average of $172.43. The company has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 55.42, a PEG ratio of 1.33 and a beta of 1.14.

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, topping analysts’ consensus estimates 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 the consensus estimate of $142.65 billion. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMZN. Argus lifted their target price on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. JMP Securities restated a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Wells Fargo & Company lifted their target price on Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. UBS Group lifted their target price on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Barclays lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $215.74.

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.