Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Increased by Carson Advisory Inc.

Carson Advisory Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,777 shares of the e-commerce giant’s stock after acquiring an additional 136 shares during the period. Carson Advisory Inc.’s holdings in Amazon.com were worth $909,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the 4th quarter worth $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter worth $35,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter worth $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter worth $40,000. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 25,096,253 shares of company stock valued at $5,673,745,409. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Trading Up 0.0%

Shares of AMZN opened at $231.03 on Friday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $221.41 and a 200-day simple moving average of $208.64. The stock has a market cap of $2.46 trillion, a PE ratio of 35.22, a PEG ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same period in the prior year, the firm posted $1.26 EPS. Amazon.com’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AMZN shares. BNP Paribas Exane raised Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 target price on the stock in a research report on Friday, June 27th. Susquehanna boosted their target price on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a research report on Friday, August 1st. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Stifel Nicolaus boosted their target price on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Finally, Roth Capital set a $250.00 target price on Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus target price of $262.87.

Amazon.com Company 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.