Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by PFS Partners LLC

PFS Partners LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 30.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,092 shares of the e-commerce giant’s stock after purchasing an additional 494 shares during the quarter. PFS Partners LLC’s holdings in Amazon.com were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. Norges Bank acquired a new position in Amazon.com in the 4th quarter valued at about $17,700,551,000. Vanguard Group Inc. increased its stake in shares of Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after acquiring an additional 23,717,254 shares during the last quarter. FMR LLC increased its stake in shares of Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares during the last quarter. Finally, Global Assets Advisory LLC increased its stake in shares of Amazon.com by 30,350.2% during the 1st quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock valued at $1,178,164,000 after acquiring an additional 6,510,119 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now directly 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 is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on 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 directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the sale, the chief executive officer now directly owns 509,358 shares in the company, valued at $91,832,153.82. The disclosure for this sale can be found here. Insiders have sold 66,548 shares of company stock worth $12,180,239 over the last ninety days. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $197.20 on Tuesday. The business’s fifty day moving average price is $183.87 and its 200 day moving average price is $173.28. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $199.84. The stock has a market capitalization of $2.05 trillion, a PE ratio of 55.24, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. 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 (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (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 firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period last year, the business posted $0.31 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Mizuho upped their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group upped their price objective 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. Truist Financial increased their target price on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Maxim Group dropped their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. One equities research 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 data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $215.86.

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.