Crescent Sterling Ltd. Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Crescent Sterling Ltd. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,111 shares of the e-commerce giant’s stock after purchasing an additional 271 shares during the period. Amazon.com accounts for about 1.0% of Crescent Sterling Ltd.’s holdings, making the stock its 28th biggest holding. Crescent Sterling Ltd.’s holdings in Amazon.com were worth $972,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. MADDEN SECURITIES Corp lifted its holdings in Amazon.com by 0.7% in the 1st quarter. MADDEN SECURITIES Corp now owns 58,523 shares of the e-commerce giant’s stock worth $11,135,000 after buying an additional 405 shares in the last quarter. Accurate Wealth Management LLC lifted its holdings in Amazon.com by 5.0% in the 1st quarter. Accurate Wealth Management LLC now owns 41,961 shares of the e-commerce giant’s stock worth $7,737,000 after buying an additional 1,985 shares in the last quarter. Prairie Sky Financial Group LLC lifted its holdings in Amazon.com by 1.7% in the 1st quarter. Prairie Sky Financial Group LLC now owns 49,136 shares of the e-commerce giant’s stock worth $9,349,000 after buying an additional 806 shares in the last quarter. Shira Ridge Wealth Management lifted its holdings in Amazon.com by 18.6% in the 1st quarter. Shira Ridge Wealth Management now owns 4,548 shares of the e-commerce giant’s stock worth $865,000 after buying an additional 712 shares in the last quarter. Finally, Fiduciary Financial Group LLC lifted its holdings in Amazon.com by 8.2% in the 1st quarter. Fiduciary Financial Group LLC now owns 10,012 shares of the e-commerce giant’s stock worth $1,814,000 after buying an additional 763 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 2.1%

Amazon.com stock opened at $212.77 on Wednesday. The company has a market capitalization of $2.26 trillion, a P/E ratio of 34.65, a P/E/G ratio of 1.57 and a beta of 1.33. The firm’s fifty day simple moving average is $199.60 and its 200-day simple moving average is $209.07. 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 1-year low of $151.61 and a 1-year high of $242.52.

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, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. Tigress Financial upped their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. The Goldman Sachs Group cut their target price on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. 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. Cantor Fitzgerald increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Finally, Raymond James Financial reiterated an “outperform” rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $245.64.

Insider Activity

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the transaction, the chief executive officer now directly owns 517,050 shares in the company, valued at approximately $105,984,909. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew S. Garman sold 20,923 shares of the firm’s stock in a transaction on Wednesday, May 21st. The shares were 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 90 days, insiders have sold 102,037 shares of company stock worth $20,531,075. 10.80% of the stock is owned by corporate insiders.

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.