Seneca House Advisors Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Seneca House Advisors increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 6,177 shares of the e-commerce giant’s stock after purchasing an additional 1,187 shares during the period. Seneca House Advisors’ holdings in Amazon.com were worth $1,175,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Norges Bank bought a new stake in Amazon.com during the 4th quarter worth approximately $27,266,582,000. GAMMA Investing LLC grew its position in shares of Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Capital World Investors grew its position in shares of Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of 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 worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Finally, Proficio Capital Partners LLC raised its position in shares of Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after buying an additional 12,018,120 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN 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. The firm’s 50-day moving average price is $197.91 and its two-hundred day moving average price is $209.34. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its earnings results 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 company had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AMZN shares. DA Davidson dropped their price objective on Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Rosenblatt Securities raised their price target on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Benchmark reissued a “buy” rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Westpark Capital restated a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Oppenheimer lowered their target price on shares of Amazon.com from $260.00 to $220.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $244.89.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is currently owned by insiders.

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.