Asio Capital LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Asio Capital LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,509 shares of the e-commerce giant’s stock after purchasing an additional 890 shares during the quarter. Amazon.com comprises approximately 1.6% of Asio Capital LLC’s portfolio, making the stock its 16th biggest holding. Asio Capital LLC’s holdings in Amazon.com were worth $7,487,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Firethorn Wealth Partners LLC lifted its stake in Amazon.com by 10.5% during the first quarter. Firethorn Wealth Partners LLC now owns 11,152 shares of the e-commerce giant’s stock worth $2,012,000 after purchasing an additional 1,056 shares during the last quarter. Atwater Malick LLC raised its holdings in shares of Amazon.com by 6.1% during the 1st quarter. Atwater Malick LLC now owns 6,489 shares of the e-commerce giant’s stock valued at $1,170,000 after buying an additional 373 shares in the last quarter. Capital Insight Partners LLC lifted its position in Amazon.com by 4.7% in the 1st quarter. Capital Insight Partners LLC now owns 30,258 shares of the e-commerce giant’s stock worth $5,458,000 after buying an additional 1,368 shares during the last quarter. AMF Tjanstepension AB lifted its position in Amazon.com by 4.1% in the 1st quarter. AMF Tjanstepension AB now owns 2,187,415 shares of the e-commerce giant’s stock worth $394,566,000 after buying an additional 85,729 shares during the last quarter. Finally, Register Financial Advisors LLC boosted its stake in Amazon.com by 2.9% in the first quarter. Register Financial Advisors LLC now owns 6,160 shares of the e-commerce giant’s stock worth $1,111,000 after buying an additional 175 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Evercore ISI boosted their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Raymond James upped their price target on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 1st. Loop Capital lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Needham & Company LLC restated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a report on Monday. Finally, Oppenheimer lifted their price target on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $215.86.

Read Our Latest Research Report on AMZN

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the sale, the chief executive officer now owns 2,025,358 shares in the company, valued at $367,480,955.52. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the sale, the chief executive officer now directly owns 2,025,358 shares in the company, valued at approximately $367,480,955.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,548 shares of company stock worth $12,774,204. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $197.59 on Thursday. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $200.43. 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 company has a market capitalization of $2.06 trillion, a P/E ratio of 55.35, a PEG ratio of 1.38 and a beta of 1.15. The stock’s 50 day moving average is $184.68 and its 200 day moving average is $173.98.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm 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 company’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal 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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