Crumly & Associates Inc. Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Crumly & Associates Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,789 shares of the e-commerce giant’s stock after purchasing an additional 154 shares during the period. Crumly & Associates Inc.’s holdings in Amazon.com were worth $1,482,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Tallon Kerry Patrick purchased a new stake in shares of Amazon.com in the 4th quarter worth about $800,000. Capital & Planning LLC raised its stake in Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock worth $856,000 after acquiring an additional 1,635 shares during the period. LaFleur & Godfrey LLC grew its holdings in Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock valued at $10,839,000 after buying an additional 860 shares in the last quarter. Brighton Jones LLC grew its holdings in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after buying an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Amazon.com in the fourth quarter valued at $301,650,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 1.2%

Shares of NASDAQ AMZN opened at $225.02 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average price is $209.90 and its two-hundred day moving average price is $208.49. The stock has a market capitalization of $2.39 trillion, a P/E ratio of 36.65, a PEG ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

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 business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the transaction, the senior vice president directly owned 47,030 shares of the company’s stock, valued at $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the firm’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 completion of the sale, the vice president directly owned 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,886,613 shares of company stock worth $1,531,840,610 over the last three months. Company insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on AMZN. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Benchmark reiterated a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Piper Sandler upped their target price on Amazon.com from $212.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday. Truist Financial boosted their price target on Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, Moffett Nathanson upped their target price on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $249.42.

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.