Amazon.com, Inc. (NASDAQ:AMZN) is Janney Montgomery Scott LLC’s 6th Largest Position

Janney Montgomery Scott LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,536,411 shares of the e-commerce giant’s stock after buying an additional 2,771 shares during the period. Amazon.com comprises 1.4% of Janney Montgomery Scott LLC’s holdings, making the stock its 6th largest holding. Janney Montgomery Scott LLC’s holdings in Amazon.com were worth $482,578,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com in the 4th quarter worth $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter valued at approximately $27,000. LSV Asset Management purchased a new stake in Amazon.com in the fourth quarter valued at $35,000. Perritt Capital Management Inc increased its holdings 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 purchasing an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new position in Amazon.com during the fourth quarter worth approximately $51,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMZN shares. Citigroup reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, June 2nd. Royal Bank Of Canada lowered their target price on Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Raymond James Financial restated an “outperform” rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Tigress Financial boosted their price target on Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Finally, Truist Financial lifted their price target on Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.60.

Amazon.com Stock Down 0.2%

AMZN opened at $219.92 on Thursday. The firm has a 50 day moving average price of $205.03 and a 200 day moving average price of $208.83. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market cap of $2.33 trillion, a PE ratio of 35.82, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate 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 return on equity of 24.14% and a net margin of 10.14%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $9,876,930. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,424,463 shares of company stock valued at $756,747,557. Insiders own 9.70% of the company’s stock.

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.