Consolidated Portfolio Review Corp Has $5.43 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Consolidated Portfolio Review Corp boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,531 shares of the e-commerce giant’s stock after acquiring an additional 4,592 shares during the period. Amazon.com makes up approximately 0.9% of Consolidated Portfolio Review Corp’s investment portfolio, making the stock its 21st largest holding. Consolidated Portfolio Review Corp’s holdings in Amazon.com were worth $5,428,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Amazon.com by 56.6% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,229 shares of the e-commerce giant’s stock worth $424,000 after acquiring an additional 806 shares in the last quarter. Lazari Capital Management Inc. lifted its holdings in Amazon.com by 0.6% during the first quarter. Lazari Capital Management Inc. now owns 80,749 shares of the e-commerce giant’s stock worth $15,363,000 after acquiring an additional 516 shares in the last quarter. Capitol Family Office Inc. bought a new position in Amazon.com during the first quarter worth about $42,000. Palisade Asset Management LLC lifted its holdings in Amazon.com by 8.0% during the first quarter. Palisade Asset Management LLC now owns 4,612 shares of the e-commerce giant’s stock worth $877,000 after acquiring an additional 341 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC lifted its holdings in Amazon.com by 1.2% during the first quarter. AssuredPartners Investment Advisors LLC now owns 19,027 shares of the e-commerce giant’s stock worth $3,620,000 after acquiring an additional 225 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $195.00 target price (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. UBS Group restated a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Telsey Advisory Group restated an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a report on Thursday, July 10th. Roth Capital set a $250.00 price target on Amazon.com and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target on the stock in a report on Friday, June 27th. Three 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 has an average rating of “Moderate Buy” and an average price target of $249.42.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 3,100,000 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $221.42, for a total value of $686,402,000.00. Following the transaction, the insider owned 905,679,901 shares of the company’s stock, valued at approximately $200,535,643,679.42. This represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer directly owned 2,148,694 shares in the company, valued at $432,532,102.20. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610 in the last ninety days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Amazon.com stock opened at $225.69 on Tuesday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock’s 50 day moving average is $210.69 and its 200-day moving average is $208.38. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 36.76, a PEG ratio of 1.69 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted 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. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com 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.