AdvisorNet Financial Inc Acquires 2,119 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

AdvisorNet Financial Inc increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 39,154 shares of the e-commerce giant’s stock after buying an additional 2,119 shares during the quarter. AdvisorNet Financial Inc’s holdings in Amazon.com were worth $7,449,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cable Hill Partners LLC increased its stake in Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock worth $2,104,000 after acquiring an additional 44 shares during the last quarter. Quattro Financial Advisors LLC increased its stake in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares during the last quarter. Northern Capital Management Inc. increased its stake in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after acquiring an additional 45 shares during the last quarter. White Wing Wealth Management increased its stake in Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after acquiring an additional 47 shares during the last quarter. Finally, Balanced Wealth Group LLC increased its stake in Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock worth $705,000 after acquiring an additional 48 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the transaction, the chief executive officer now owns 506,974 shares in the company, valued at $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock worth $20,531,075 over the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $217.61 on Wednesday. The company has a market capitalization of $2.31 trillion, a P/E ratio of 39.35, a P/E/G ratio of 1.50 and a beta of 1.33. The business’s 50 day moving average is $193.04 and its two-hundred day moving average is $209.02. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 earnings per share. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the topic of a number of research reports. Westpark Capital reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Wall Street Zen downgraded Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Barclays reduced their price objective on Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. DA Davidson reduced their price objective on Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Wells Fargo & Company reduced their price objective on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.89.

Amazon.com Company Profile

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.