Phraction Management LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Phraction Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,245 shares of the e-commerce giant’s stock after acquiring an additional 21,900 shares during the period. Amazon.com makes up approximately 6.9% of Phraction Management LLC’s holdings, making the stock its 4th largest holding. Phraction Management LLC’s holdings in Amazon.com were worth $10,521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kavar Capital Partners Group LLC raised its stake in Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after acquiring an additional 79 shares in the last quarter. IFM Investors Pty Ltd increased its stake in shares of Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after buying an additional 13,060 shares during the period. Ironwood Wealth Management LLC. increased its stake in shares of Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after buying an additional 15 shares during the period. Markel Corp boosted its stake in shares of Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC lifted its stake in shares of Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after purchasing an additional 540 shares during the period. 57.64% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 2.3 %

NASDAQ AMZN opened at $118.15 on Friday. The firm has a market capitalization of $1.21 trillion, a PE ratio of 281.31, a price-to-earnings-growth ratio of 3.94 and a beta of 1.26. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $146.57. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $103.12 and its two-hundred day moving average price is $96.94.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The firm had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 EPS. On average, analysts expect that Amazon.com, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMZN. Roth Capital reissued a “buy” rating on shares of Amazon.com in a report on Friday, February 3rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $125.00 price target on shares of Amazon.com in a research note on Thursday, April 20th. StockNews.com assumed coverage on shares of Amazon.com in a research note on Thursday. They issued a “hold” rating for the company. Rosenblatt Securities upped their price objective on Amazon.com from $106.00 to $111.00 in a research note on Friday, April 28th. Finally, Wedbush upped their price objective on shares of Amazon.com from $125.00 to $129.00 in a report on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.12.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total transaction of $50,835.00. Following the sale, the chief executive officer now directly owns 137,300 shares of the company’s stock, valued at approximately $13,959,291. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,019 shares of company stock valued at $6,053,511. Corporate insiders own 12.70% of the company’s stock.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.