My Legacy Advisors LLC Buys 409 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

My Legacy Advisors LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,802 shares of the e-commerce giant’s stock after acquiring an additional 409 shares during the quarter. Amazon.com makes up 1.6% of My Legacy Advisors LLC’s portfolio, making the stock its 11th largest holding. My Legacy Advisors LLC’s holdings in Amazon.com were worth $4,148,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Columbia Advisory Partners LLC lifted its holdings in shares of Amazon.com by 3.4% during the first quarter. Columbia Advisory Partners LLC now owns 6,210 shares of the e-commerce giant’s stock valued at $1,182,000 after acquiring an additional 205 shares during the period. Founders Capital Management LLC raised its holdings in shares of Amazon.com by 21.2% in the first quarter. Founders Capital Management LLC now owns 3,739 shares of the e-commerce giant’s stock valued at $711,000 after buying an additional 653 shares during the last quarter. Rowlandmiller & PARTNERS.ADV raised its holdings in shares of Amazon.com by 8.3% in the first quarter. Rowlandmiller & PARTNERS.ADV now owns 10,077 shares of the e-commerce giant’s stock valued at $1,917,000 after buying an additional 770 shares during the last quarter. Alhambra Investment Management LLC raised its holdings in shares of Amazon.com by 9.4% in the first quarter. Alhambra Investment Management LLC now owns 5,530 shares of the e-commerce giant’s stock valued at $1,052,000 after buying an additional 476 shares during the last quarter. Finally, CX Institutional raised its holdings in shares of Amazon.com by 7.5% in the first quarter. CX Institutional now owns 115,942 shares of the e-commerce giant’s stock valued at $22,059,000 after buying an additional 8,137 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMZN. Morgan Stanley cut their price target on Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Wedbush reaffirmed an “outperform” rating and issued a $235.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Truist Financial cut their price target on Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. lifted their price target on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Finally, Benchmark reaffirmed a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Four investment 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.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.64.

Amazon.com Price Performance

AMZN stock opened at $211.99 on Thursday. The firm has a 50 day moving average of $200.35 and a 200-day moving average of $209.09. The firm has a market capitalization of $2.25 trillion, a P/E ratio of 34.53, a price-to-earnings-growth ratio of 1.60 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 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.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate 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 was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 earnings per share. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on 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 sale, the director now owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $4,211,799.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is currently owned by insiders.

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.