Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Cypress Wealth Services LLC

Cypress Wealth Services LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,414 shares of the e-commerce giant’s stock after acquiring an additional 468 shares during the period. Amazon.com accounts for about 0.9% of Cypress Wealth Services LLC’s portfolio, making the stock its 26th largest holding. Cypress Wealth Services LLC’s holdings in Amazon.com were worth $4,455,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. FMR LLC lifted its position in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the period. Geode Capital Management LLC increased its stake in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after acquiring an additional 4,087,933 shares during the period. Finally, Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter valued at $27,266,582,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the firm’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 approximately $432,532,102.20. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock valued at $20,531,075 in the last ninety days. Company insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMZN. Wells Fargo & Company reduced their target price on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Raymond James reiterated an “outperform” rating and issued a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Morgan Stanley cut their target price on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Wedbush reaffirmed an “outperform” rating and set a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Four equities 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, the company presently has an average rating of “Moderate Buy” and an average target price of $244.89.

Amazon.com Stock Performance

Shares of AMZN opened at $216.10 on Tuesday. The company’s fifty day moving average is $196.38 and its 200-day moving average is $209.26. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market cap of $2.29 trillion, a price-to-earnings ratio of 39.08, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

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

Amazon.com 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.