Private Capital Advisors Inc. Acquires 17,734 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Private Capital Advisors Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 35.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,420 shares of the e-commerce giant’s stock after purchasing an additional 17,734 shares during the quarter. Amazon.com comprises about 1.5% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 18th biggest position. Private Capital Advisors Inc.’s holdings in Amazon.com were worth $12,161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Amazon.com by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after buying an additional 13,134,632 shares during the last quarter. Norges Bank acquired a new position in Amazon.com in the 4th quarter valued at $17,700,551,000. Jennison Associates LLC grew its stake in Amazon.com by 2.5% in the 4th quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after buying an additional 1,389,503 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Amazon.com by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after buying an additional 1,525,922 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in Amazon.com by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 42,241,587 shares of the e-commerce giant’s stock valued at $6,418,187,000 after buying an additional 888,369 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.2 %

Shares of NASDAQ AMZN opened at $200.00 on Monday. The stock has a market cap of $2.08 trillion, a P/E ratio of 56.02, a P/E/G ratio of 1.43 and a beta of 1.15. The firm has a 50 day moving average price of $185.99 and a 200 day moving average price of $174.94. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.55.

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

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. Wedbush reiterated an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. JMP Securities reiterated a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. Piper Sandler raised their price target on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Raymond James raised their price target on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $215.86.

Get Our Latest Stock Report on Amazon.com

Insider Activity

In other news, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 935,211,842 shares in the company, valued at $187,117,185,347.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 935,211,842 shares in the company, valued at $187,117,185,347.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. Insiders sold 1,532,985 shares of company stock worth $305,578,679 over the last quarter. 10.80% of the stock is currently owned by company insiders.

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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