DSG Capital Advisors LLC Has $9.27 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

DSG Capital Advisors LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,724 shares of the e-commerce giant’s stock after acquiring an additional 747 shares during the quarter. Amazon.com comprises 1.9% of DSG Capital Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. DSG Capital Advisors LLC’s holdings in Amazon.com were worth $9,270,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Tallon Kerry Patrick bought a new stake in Amazon.com in the fourth quarter valued at $800,000. LaFleur & Godfrey LLC grew its stake in shares of Amazon.com by 1.8% in 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 during the period. Brighton Jones LLC increased its position 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 valued at $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after buying an additional 986 shares during the period. Finally, Bank Pictet & Cie Europe AG raised its stake in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after buying an additional 54,987 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMZN. Bank of America increased their target price on Amazon.com from $248.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday. BNP Paribas raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Mizuho decreased their target price on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Robert W. Baird upped their target price on shares of Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Oppenheimer lifted their price target on Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.33.

Amazon.com Trading Up 1.7%

NASDAQ AMZN opened at $232.23 on Friday. The firm has a market cap of $2.47 trillion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock has a 50-day moving average of $215.14 and a 200-day moving average of $208.84. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

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, 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 firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 20,947,939 shares of company stock valued at $4,720,588,785 in the last 90 days. 9.70% of the stock is currently owned by 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.