1834 Investment Advisors Co. Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

1834 Investment Advisors Co. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 49.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,405 shares of the e-commerce giant’s stock after purchasing an additional 14,945 shares during the period. 1834 Investment Advisors Co.’s holdings in Amazon.com were worth $4,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. St. James Investment Advisors LLC raised its holdings in shares of Amazon.com by 97.7% in the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock worth $29,000 after buying an additional 170 shares during the period. Laurel Wealth Planning LLC raised its holdings in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $37,000. Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com in the first quarter worth approximately $38,000. Finally, Ruedi Wealth Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $40,000. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $138.12 on Friday. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $143.63. The company’s 50 day moving average is $132.90 and its 200 day moving average is $116.16. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.43 trillion, a PE ratio of 108.76, a price-to-earnings-growth ratio of 1.76 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The company had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. On average, sell-side analysts forecast that Amazon.com, Inc. will post 2.23 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMZN. Credit Suisse Group increased their price target on Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Telsey Advisory Group increased their price target on Amazon.com from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Barclays increased their price objective on Amazon.com from $140.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, August 7th. Morgan Stanley increased their price objective on Amazon.com from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Finally, BNP Paribas raised Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective on the stock in a research note on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.87.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total value of $63,135.00. Following the transaction, the chief executive officer now owns 152,780 shares in the company, valued at approximately $19,291,530.60. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $133.55, for a total transaction of $534,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,301 shares of the company’s stock, valued at approximately $74,828,198.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total transaction of $63,135.00. Following the transaction, the chief executive officer now directly owns 152,780 shares of the company’s stock, valued at $19,291,530.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,362,329 shares of company stock worth $48,508,072. 12.70% of the stock is owned by company insiders.

Amazon.com Company Profile

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