Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Richard C. Young & CO. LTD.

Richard C. Young & CO. LTD. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,759 shares of the e-commerce giant’s stock after acquiring an additional 1,412 shares during the period. Amazon.com comprises approximately 1.8% of Richard C. Young & CO. LTD.’s holdings, making the stock its 19th largest position. Richard C. Young & CO. LTD.’s holdings in Amazon.com were worth $17,078,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in AMZN. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the fourth quarter worth $27,000. LSV Asset Management acquired a new stake in Amazon.com in the 4th quarter valued at approximately $35,000. Perritt Capital Management Inc grew its position in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 1st quarter worth $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in Amazon.com during the first quarter worth $40,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AMZN shares. Stifel Nicolaus boosted their price target on shares of Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Raymond James Financial reiterated an “outperform” rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a report on Wednesday. Finally, Cantor Fitzgerald upped their price objective on Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, August 1st. One research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $262.87.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares of the company’s stock, valued at $111,114,850. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,096,253 shares of company stock valued at $5,673,745,409. Company insiders own 9.70% of the company’s stock.

Amazon.com Stock Up 2.9%

Shares of NASDAQ AMZN opened at $230.98 on Friday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company’s 50 day moving average price is $221.06 and its 200-day moving average price is $208.69. The company has a market capitalization of $2.46 trillion, a P/E ratio of 35.21, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.26 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.