Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,898 shares of the e-commerce giant’s stock after purchasing an additional 1,081 shares during the period. Blue Zone Wealth Advisors LLC’s holdings in Amazon.com were worth $5,498,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the 4th quarter worth $27,000. LSV Asset Management acquired a new stake in Amazon.com in the 4th quarter valued at $35,000. Perritt Capital Management Inc raised its position in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the period. Finally, Quattro Financial Advisors LLC boosted its position in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the transaction, the chief executive officer now directly owns 517,050 shares of the company’s stock, valued at $105,984,909. The trade was a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,037 shares of company stock worth $20,531,075. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Down 1.1%

Shares of Amazon.com stock opened at $212.52 on Friday. The stock has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 34.61, a PEG ratio of 1.61 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The business’s 50 day simple moving average is $197.91 and its 200-day simple moving average is $209.34.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. Benchmark reiterated a “buy” rating and set a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Jefferies Financial Group decreased their target price on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $235.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, UBS Group reiterated a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $244.89.

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.