Private Client Services LLC Purchases 139 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Private Client Services LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,325 shares of the e-commerce giant’s stock after acquiring an additional 139 shares during the quarter. Private Client Services LLC’s holdings in Amazon.com were worth $1,774,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Global Financial Private Client LLC lifted its position in Amazon.com by 31.6% during the first quarter. Global Financial Private Client LLC now owns 9,182 shares of the e-commerce giant’s stock valued at $1,747,000 after purchasing an additional 2,204 shares during the last quarter. Welch Group LLC lifted its position in Amazon.com by 1.3% during the first quarter. Welch Group LLC now owns 58,213 shares of the e-commerce giant’s stock valued at $11,219,000 after purchasing an additional 775 shares during the last quarter. Tompkins Financial Corp lifted its position in Amazon.com by 1.1% during the first quarter. Tompkins Financial Corp now owns 77,935 shares of the e-commerce giant’s stock valued at $14,828,000 after purchasing an additional 866 shares during the last quarter. Silvia Mccoll Wealth Management LLC lifted its position in Amazon.com by 5.6% during the first quarter. Silvia Mccoll Wealth Management LLC now owns 3,077 shares of the e-commerce giant’s stock valued at $585,000 after purchasing an additional 162 shares during the last quarter. Finally, O Connor Financial Group LLC lifted its position in Amazon.com by 9.1% during the first quarter. O Connor Financial Group LLC now owns 2,857 shares of the e-commerce giant’s stock valued at $544,000 after purchasing an additional 238 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $217.61 on Wednesday. The stock has a market cap of $2.31 trillion, a price-to-earnings ratio of 39.35, a PEG ratio of 1.50 and a beta of 1.33. The firm’s 50-day moving average is $193.04 and its 200 day moving average is $209.02. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

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

Analyst Upgrades and Downgrades

AMZN has been the subject of several research analyst reports. Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Benchmark reiterated a “buy” rating and set a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Citigroup reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, June 2nd. Truist Financial lowered their price objective on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $244.89.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the transaction, the senior vice president now owns 47,030 shares in the company, valued at $9,519,342.30. The trade was a 22.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% 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 in the last quarter. Corporate insiders own 9.70% of the company’s stock.

About Amazon.com

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.