Elevated Capital Advisors LLC Buys 117 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Elevated Capital Advisors LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,570 shares of the e-commerce giant’s stock after buying an additional 117 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Amazon.com were worth $1,907,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Cooksen Wealth LLC purchased a new stake in Amazon.com in the 4th quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Amazon.com by 45.0% during the fourth 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 last quarter. Strid Group LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $43,000. Harbor Investment Advisory LLC lifted its stake 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 worth $46,000 after acquiring an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. purchased a new position in Amazon.com during the 4th quarter valued at $46,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Tigress Financial lifted their target price on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Robert W. Baird lifted their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Monness Crespi & Hardt upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group lifted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, BMO Capital Markets increased their price objective on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $215.86.

Amazon.com Trading Down 2.3 %

Amazon.com stock opened at $193.25 on Monday. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $199.84. The stock has a 50-day moving average price of $183.87 and a 200 day moving average price of $173.28. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 54.13, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the prior year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, 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 transaction of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com 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 completion of the transaction, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,838 shares of company stock valued at $11,261,789. Company 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.