Stone House Investment Management LLC Acquires 73 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Stone House Investment Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the fourth quarter, HoldingsChannel reports. The firm owned 2,387 shares of the e-commerce giant’s stock after buying an additional 73 shares during the quarter. Stone House Investment Management LLC’s holdings in Amazon.com were worth $363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Riversedge Advisors LLC lifted its holdings in Amazon.com by 75.2% in the third quarter. Riversedge Advisors LLC now owns 6,321 shares of the e-commerce giant’s stock worth $804,000 after buying an additional 2,714 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in shares of Amazon.com by 3.7% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 38,641 shares of the e-commerce giant’s stock worth $4,912,000 after acquiring an additional 1,377 shares in the last quarter. Asset Planning Services Inc. LA ADV lifted its stake in shares of Amazon.com by 1.3% in the 3rd quarter. Asset Planning Services Inc. LA ADV now owns 46,120 shares of the e-commerce giant’s stock valued at $5,863,000 after purchasing an additional 610 shares during the period. Chronos Wealth Management LLC boosted its position in shares of Amazon.com by 0.6% during the third quarter. Chronos Wealth Management LLC now owns 55,282 shares of the e-commerce giant’s stock valued at $7,027,000 after purchasing an additional 310 shares in the last quarter. Finally, Connecticut Wealth Management LLC raised its holdings in Amazon.com by 57.5% in the third quarter. Connecticut Wealth Management LLC now owns 24,111 shares of the e-commerce giant’s stock worth $3,065,000 after purchasing an additional 8,807 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Stifel Nicolaus upped their price objective on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Wolfe Research lifted their target price on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Moffett Nathanson reissued a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a research report on Thursday, April 11th. Finally, Mizuho raised their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $211.62.

Amazon.com Price Performance

NASDAQ AMZN opened at $188.76 on Wednesday. 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 business’s fifty day moving average is $179.60 and its 200 day moving average is $161.63. The company has a market capitalization of $1.96 trillion, a PE ratio of 52.87, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a fifty-two week low of $104.70 and a fifty-two week high of $189.94.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total transaction of $631,015.00. Following the transaction, the chief executive officer now owns 509,358 shares in the company, valued at approximately $91,832,153.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the sale, the chief executive officer now owns 509,358 shares in the company, valued at approximately $91,832,153.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $173.33, for a total value of $1,039,780,497.17. Following the completion of the transaction, the insider now owns 970,255,270 shares in the company, valued at $168,174,345,949.10. The disclosure for this sale can be found here. Insiders sold a total of 26,197,961 shares of company stock worth $4,482,244,357 over the last three months. 10.80% of the stock is currently owned by company insiders.

Amazon.com Profile

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.