Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Greenleaf Trust

Greenleaf Trust increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,030 shares of the e-commerce giant’s stock after purchasing an additional 1,153 shares during the period. Amazon.com accounts for about 0.8% of Greenleaf Trust’s investment portfolio, making the stock its 9th biggest holding. Greenleaf Trust’s holdings in Amazon.com were worth $65,297,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Stuart Chaussee & Associates Inc. acquired a new position in Amazon.com in the fourth quarter valued at approximately $27,000. Gibson Wealth Advisors LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $33,000. Leverty Financial Group LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $36,000. MBM Wealth Consultants LLC raised its holdings in shares of Amazon.com by 57.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after buying an additional 4 shares during the last quarter. Finally, William Allan LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $47,000. 72.51% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.8 %

Amazon.com stock opened at $122.42 on Monday. The company has a market cap of $1.25 trillion, a P/E ratio of 59.10, a price-to-earnings-growth ratio of 4.18 and a beta of 1.25. Amazon.com, Inc. has a 1-year low of $101.26 and a 1-year high of $188.11. The company has a fifty day simple moving average of $112.81 and a 200 day simple moving average of $136.32. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The e-commerce giant reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The firm had revenue of $116.44 billion during the quarter, compared to the consensus estimate of $116.52 billion. During the same period last year, the business earned $0.79 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 1.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMZN. Evercore ISI cut their price target on Amazon.com from $205.00 to $180.00 and set an “outperform” rating on the stock in a report on Friday, June 24th. Monness Crespi & Hardt dropped their target price on Amazon.com from $225.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, April 29th. Benchmark dropped their target price on Amazon.com from $200.00 to $185.00 in a report on Friday, April 29th. Loop Capital dropped their target price on Amazon.com from $187.50 to $141.25 and set a “buy” rating on the stock in a report on Friday, May 27th. Finally, Needham & Company LLC dropped their target price on Amazon.com from $207.50 to $175.00 in a report on Friday, April 29th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and thirty-eight have assigned a buy rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $181.31.

Insider Activity

In other news, CEO David H. Clark sold 2,270 shares of Amazon.com stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the transaction, the chief executive officer now owns 6,695 shares of the company’s stock, valued at approximately $14,522,927.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO David H. Clark sold 2,270 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the completion of the sale, the chief executive officer now owns 6,695 shares in the company, valued at approximately $14,522,927.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 173 shares of the firm’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the sale, the vice president now owns 5,989 shares of the company’s stock, valued at approximately $12,991,458.58. The disclosure for this sale can be found here. Insiders sold a total of 4,803 shares of company stock valued at $10,528,337 in the last quarter. Company insiders own 12.70% of the company’s stock.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.