First City Capital Management Inc. Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

First City Capital Management Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 16,407 shares of the e-commerce giant’s stock after acquiring an additional 310 shares during the period. Amazon.com makes up about 1.4% of First City Capital Management Inc.’s holdings, making the stock its 15th largest holding. First City Capital Management Inc.’s holdings in Amazon.com were worth $2,493,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AMZN. PayPay Securities Corp grew its position in Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the period. 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 during the period. Strid Group LLC purchased a new position in Amazon.com in the fourth quarter worth approximately $43,000. Harbor Investment Advisory LLC boosted its position in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 1,988 shares during the period. Finally, Authentikos Wealth Advisory LLC purchased a new position in shares of Amazon.com during the third quarter worth $49,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMZN. BMO Capital Markets lifted their target price on Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Robert W. Baird lifted their target price on Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Telsey Advisory Group lifted their target price on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Argus lifted their price target on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Raymond James lifted their price target on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $212.40.

Read Our Latest Report on AMZN

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the sale, the chief executive officer now owns 1,994,182 shares of the company’s stock, valued at $358,952,760. The disclosure for this sale can be found here. In the last three months, insiders sold 117,894 shares of company stock worth $21,363,909. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 1.6 %

AMZN stock opened at $176.44 on Friday. The company has a market cap of $1.84 trillion, a price-to-earnings ratio of 49.42, a PEG ratio of 1.30 and a beta of 1.15. 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 business has a fifty day simple moving average of $182.34 and a 200-day simple moving average of $167.37. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $191.70.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

Amazon.com Company Profile

(Free Report)

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.

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

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