Legend Financial Advisors Inc. Purchases 561 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Legend Financial Advisors Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,342 shares of the e-commerce giant’s stock after acquiring an additional 561 shares during the period. Amazon.com comprises about 0.8% of Legend Financial Advisors Inc.’s portfolio, making the stock its 17th largest holding. Legend Financial Advisors Inc.’s holdings in Amazon.com were worth $1,144,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Ridgecrest Wealth Partners LLC boosted its position in shares of Amazon.com by 0.7% during the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after acquiring an additional 56 shares in the last quarter. ShoreHaven Wealth Partners LLC lifted its stake in Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares during the last quarter. O Dell Group LLC boosted its holdings in shares of Amazon.com by 0.5% in the 4th quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock valued at $2,064,000 after purchasing an additional 61 shares in the last quarter. Measured Wealth Private Client Group LLC increased its stake in shares of Amazon.com by 2.5% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after purchasing an additional 62 shares during the last quarter. Finally, Ballew Advisors Inc raised its holdings in shares of Amazon.com by 1.5% during the 1st quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after buying an additional 62 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 1,463,437 shares of Amazon.com stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total value of $292,804,474.96. Following the sale, the insider now owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,532,985 shares of company stock worth $305,578,679. 10.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Oppenheimer lifted their price target on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Mizuho lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Tigress Financial raised their price target on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Stifel Nicolaus upped their price objective on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Telsey Advisory Group lifted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. One 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $215.86.

Get Our Latest Analysis on AMZN

Amazon.com Stock Up 1.2 %

AMZN opened at $200.00 on Friday. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $200.55. The firm has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a PEG ratio of 1.41 and a beta of 1.15. The company’s 50-day moving average is $185.99 and its 200 day moving average is $174.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping 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 firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter last year, the firm earned $0.31 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

About Amazon.com

(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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