Amazon.com, Inc. (NASDAQ:AMZN) Holdings Boosted by Colton Groome Financial Advisors LLC

Colton Groome Financial Advisors LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,697 shares of the e-commerce giant’s stock after acquiring an additional 475 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in Amazon.com were worth $714,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. PayPay Securities Corp increased its position in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares in the last quarter. Strid Group LLC acquired a new position in shares of Amazon.com during the 4th quarter worth $43,000. Harbor Investment Advisory LLC raised its holdings in shares of Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares in the last quarter. Finally, Authentikos Wealth Advisory LLC bought a new stake in Amazon.com in the third quarter worth $49,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $188.00 on Thursday. Amazon.com, Inc. has a 12-month low of $105.16 and a 12-month high of $189.94. The stock has a 50-day simple moving average of $179.60 and a 200 day simple moving average of $161.63. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 52.66, a P/E/G ratio of 1.35 and a beta of 1.15.

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

Analysts Set New Price Targets

AMZN has been the subject of a number of analyst reports. Raymond James boosted their price target on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company boosted their target price on Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. The Goldman Sachs Group increased their price target on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus price target of $211.62.

Insider Activity at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the transaction, the director now directly owns 4,760 shares in the company, valued at approximately $886,407.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $173.33, for a total value of $1,039,780,497.17. Following the transaction, the insider now owns 970,255,270 shares of the company’s stock, valued at approximately $168,174,345,949.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The disclosure for this sale can be found here. Insiders have sold a total of 26,198,961 shares of company stock worth $4,482,430,577 over the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Company 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.