Noble Wealth Management PBC Buys 2,255 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Noble Wealth Management PBC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 42.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,544 shares of the e-commerce giant’s stock after acquiring an additional 2,255 shares during the period. Amazon.com makes up about 1.0% of Noble Wealth Management PBC’s investment portfolio, making the stock its 29th largest holding. Noble Wealth Management PBC’s holdings in Amazon.com were worth $1,435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in AMZN. Tallon Kerry Patrick bought a new position in shares of Amazon.com in the 4th quarter valued at about $800,000. Capital & Planning LLC raised its stake in Amazon.com by 72.1% in the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock worth $856,000 after purchasing an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC raised its stake in Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock worth $10,839,000 after purchasing an additional 860 shares in the last quarter. Brighton Jones LLC raised its stake in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Amazon.com in the 4th quarter valued at approximately $301,650,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $217.12 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market cap of $2.31 trillion, a PE ratio of 35.36, a P/E/G ratio of 1.60 and a beta of 1.33. The firm has a 50 day simple moving average of $201.25 and a two-hundred day simple moving average of $209.02.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates 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 in the previous year, the business posted $0.98 EPS. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Moffett Nathanson increased their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research note on Tuesday. Truist Financial decreased their price objective on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Jefferies Financial Group reduced their price target on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Needham & Company LLC reiterated a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Finally, Citigroup reiterated a “buy” rating on shares of Amazon.com in a report on Monday, June 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $245.64.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 in the last three months. 9.70% of the stock is owned by 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.