Greystone Financial Group LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Greystone Financial Group LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 228.0% during the first quarter, Holdings Channel.com reports. The fund owned 528 shares of the e-commerce giant’s stock after acquiring an additional 367 shares during the period. Greystone Financial Group LLC’s holdings in Amazon.com were worth $1,721,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Fifth Third Bancorp increased its stake in Amazon.com by 1.5% during the 1st quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant’s stock worth $579,225,000 after buying an additional 2,686 shares during the period. Graypoint LLC increased its stake in Amazon.com by 57.9% during the 1st quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant’s stock worth $5,555,000 after buying an additional 625 shares during the period. Castle Rock Wealth Management LLC increased its stake in Amazon.com by 10.6% during the 1st quarter. Castle Rock Wealth Management LLC now owns 1,715 shares of the e-commerce giant’s stock worth $5,422,000 after buying an additional 164 shares during the period. AHL Investment Management Inc. increased its stake in Amazon.com by 462.2% during the 1st quarter. AHL Investment Management Inc. now owns 669 shares of the e-commerce giant’s stock worth $2,181,000 after buying an additional 550 shares during the period. Finally, Atlas Private Wealth Advisors purchased a new stake in Amazon.com during the 1st quarter worth approximately $6,229,000. 72.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several analyst reports. Redburn Partners initiated coverage on shares of Amazon.com in a report on Wednesday, June 29th. They set a “buy” rating and a $270.00 price target for the company. The Goldman Sachs Group reiterated a “buy” rating and set a $175.00 price target on shares of Amazon.com in a report on Thursday. Wolfe Research boosted their price target on shares of Amazon.com from $140.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Loop Capital lowered their price target on shares of Amazon.com from $187.50 to $141.25 and set a “buy” rating for the company in a report on Friday, May 27th. Finally, Mizuho lowered their price target on shares of Amazon.com from $197.50 to $155.00 and set a “buy” rating for the company in a report on Thursday, July 21st. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $178.11.

Amazon.com Stock Performance

Shares of AMZN stock opened at $142.57 on Friday. The stock has a market capitalization of $1.45 trillion, a PE ratio of 127.81, a price-to-earnings-growth ratio of 6.11 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $101.26 and a 52-week high of $188.11. The stock’s 50-day moving average price is $116.58 and its 200 day moving average price is $134.61. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. During the same period in the prior year, the firm posted $0.76 EPS. Amazon.com’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 0.97 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 173 shares of Amazon.com stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 173 shares of Amazon.com stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 418 shares of Amazon.com stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $906,733.96. Following the completion of the sale, the senior vice president now directly owns 3,537 shares in the company, valued at approximately $7,672,531.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,803 shares of company stock valued at $10,528,337. 12.70% of the stock is owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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