Laurel Wealth Advisors LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Laurel Wealth Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,889 shares of the e-commerce giant’s stock after acquiring an additional 1,515 shares during the quarter. Amazon.com makes up 1.6% of Laurel Wealth Advisors LLC’s holdings, making the stock its 15th biggest position. Laurel Wealth Advisors LLC’s holdings in Amazon.com were worth $10,443,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com in the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the fourth quarter valued at $35,000. Perritt Capital Management Inc lifted its position in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC grew its stake in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $217.12 on Friday. The stock’s 50-day moving average is $201.25 and its 200 day moving average is $209.02. The stock has a market cap of $2.31 trillion, a price-to-earnings ratio of 35.36, a P/E/G ratio of 1.60 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year 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 results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS 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 analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.98 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total value 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. The trade was a 15.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,037 shares of company stock valued at $20,531,075. Insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AMZN shares. DA Davidson lowered their price objective on Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Piper Sandler reissued an “overweight” rating and issued a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Stifel Nicolaus dropped their price target on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Evercore ISI reduced their price objective on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group lowered their target price on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $245.64.

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.