Amazon.com, Inc. (NASDAQ:AMZN) is Canvas Wealth Advisors LLC’s 8th Largest Position

Canvas Wealth Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,455 shares of the e-commerce giant’s stock after buying an additional 9,038 shares during the period. Amazon.com comprises about 3.2% of Canvas Wealth Advisors LLC’s holdings, making the stock its 8th biggest position. Canvas Wealth Advisors LLC’s holdings in Amazon.com were worth $12,721,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Western Wealth Management LLC lifted its position in Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. bought a new stake in Amazon.com during the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC lifted its position in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Bearing Point Capital LLC bought a new stake in Amazon.com during the fourth quarter valued at approximately $12,014,000. Finally, Evergreen Capital Management LLC lifted its position in Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after purchasing an additional 1,198 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $226.13 on Monday. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.83, a PEG ratio of 1.69 and a beta of 1.33. The firm’s 50-day moving average is $213.50 and its 200 day moving average is $208.51. 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 current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results 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 company 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%. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. JMP Securities lifted their target price on shares of Amazon.com from $250.00 to $285.00 and gave the company a “market outperform” rating in a research report on Thursday, July 10th. Cantor Fitzgerald lifted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. The Goldman Sachs Group dropped their target price on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Tigress Financial boosted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Finally, BNP Paribas Exane upgraded shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective for the company in a report on Friday, June 27th. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.35.

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,335,232 shares of company stock worth $3,210,622,570. 10.80% of the stock is currently owned by company insiders.

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.