Cora Capital Advisors LLC Purchases 162 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cora Capital Advisors LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,411 shares of the e-commerce giant’s stock after purchasing an additional 162 shares during the quarter. Amazon.com makes up 1.3% of Cora Capital Advisors LLC’s portfolio, making the stock its 20th largest holding. Cora Capital Advisors LLC’s holdings in Amazon.com were worth $2,190,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AMZN. PayPay Securities Corp lifted its position in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its holdings 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 acquiring an additional 86 shares during the period. Strid Group LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at $43,000. Harbor Investment Advisory LLC grew its holdings in shares of Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC acquired a new stake in shares of Amazon.com during the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 104,400 shares of the company’s stock, valued at $19,836,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the sale, the director now owns 4,760 shares of the company’s stock, valued at $886,407.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 5,264 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the completion of the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,132,396 shares of company stock worth $356,770,280. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $184.70 on Monday. The stock has a 50 day simple moving average of $181.35 and a 200 day simple moving average of $164.91. Amazon.com, Inc. has a 52-week low of $113.78 and a 52-week high of $191.70. 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 firm has a market capitalization of $1.92 trillion, a PE ratio of 51.74, a P/E/G ratio of 1.34 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share 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 company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the prior year, the company earned $0.31 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMZN. Royal Bank of Canada upped their price objective on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Raymond James raised their price target on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Telsey Advisory Group raised their target price on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Canaccord Genuity Group upped their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average price target of $211.62.

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.