Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Echo45 Advisors LLC

Echo45 Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 0.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,619 shares of the e-commerce giant’s stock after acquiring an additional 59 shares during the quarter. Amazon.com makes up about 0.9% of Echo45 Advisors LLC’s holdings, making the stock its 19th biggest holding. Echo45 Advisors LLC’s holdings in Amazon.com were worth $1,194,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Collective Family Office LLC boosted its holdings in shares of Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares during the period. Members Trust Co boosted its stake in shares of Amazon.com by 8.9% during the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after buying an additional 341 shares during the period. Cherrydale Wealth Management LLC grew its holdings in shares of Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after acquiring an additional 675 shares in the last quarter. Tompkins Financial Corp increased its stake in shares of Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Amazon.com by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after acquiring an additional 277,631 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.4 %

Shares of AMZN opened at $199.29 on Tuesday. The stock has a 50 day simple moving average of $186.35 and a 200-day simple moving average of $175.26. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.07 trillion, a PE ratio of 55.82, a PEG ratio of 1.43 and a beta of 1.15. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20.

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

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 1,463,437 shares of Amazon.com 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 is accessible through this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 1,463,437 shares of Amazon.com stock in a transaction on Tuesday, July 2nd. The stock was 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 approximately $187,117,185,347.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The disclosure for this sale can be found here. Insiders have sold a total of 1,532,985 shares of company stock worth $305,578,679 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AMZN shares. Robert W. Baird upped their target price on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. JMP Securities restated a “market outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Loop Capital lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Oppenheimer increased their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a research note on Friday, June 28th. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $215.86.

Check Out Our Latest Stock Analysis on AMZN

Amazon.com 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.

See Also

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

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