Mirador Capital Partners LP Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Mirador Capital Partners LP lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 99,801 shares of the e-commerce giant’s stock after acquiring an additional 1,497 shares during the quarter. Amazon.com accounts for about 3.3% of Mirador Capital Partners LP’s holdings, making the stock its 5th biggest holding. Mirador Capital Partners LP’s holdings in Amazon.com were worth $18,988,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC bought a new position in Amazon.com during the 4th quarter worth approximately $25,000. Accordant Advisory Group Inc grew its holdings in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter worth $27,000. LSV Asset Management purchased a new stake in Amazon.com during the 4th quarter valued at $35,000. Finally, Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 80 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $213.24 on Friday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market cap of $2.26 trillion, a price-to-earnings ratio of 38.56, a PEG ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm has a 50 day moving average price of $194.64 and a 200 day moving average price of $209.13.

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

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the transaction, the chief executive officer now directly owns 2,148,694 shares of the company’s stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $9,876,930. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,037 shares of company stock valued at $20,531,075. Insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMZN shares. Benchmark reiterated a “buy” rating and set a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Tigress Financial lifted their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Wells Fargo & Company decreased their target price on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a report on Tuesday, February 25th. UBS Group reiterated a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Finally, Citigroup restated a “buy” rating on shares of Amazon.com in a report on Monday, June 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.