Heron Financial Group LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,048 shares of the e-commerce giant’s stock after acquiring an additional 390 shares during the period. Heron Financial Group LLC’s holdings in Amazon.com were worth $1,141,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Kavar Capital Partners Group LLC raised its holdings in Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after buying an additional 79 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after buying an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. raised its holdings in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after buying an additional 15 shares during the last quarter. Markel Corp raised its holdings in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after buying an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC raised its holdings in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after buying an additional 540 shares during the last quarter. Institutional investors and hedge funds own 56.67% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. Wedbush upped their price objective on shares of Amazon.com from $125.00 to $129.00 in a report on Friday, April 28th. UBS Group increased their target price on shares of Amazon.com from $130.00 to $150.00 in a report on Thursday, June 8th. Jefferies Financial Group increased their target price on shares of Amazon.com from $135.00 to $150.00 in a report on Wednesday, June 21st. Sanford C. Bernstein increased their target price on shares of Amazon.com from $125.00 to $140.00 in a report on Wednesday, May 31st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $125.00 target price on shares of Amazon.com in a report on Thursday, April 20th. Three research analysts have rated the stock with a hold rating and forty have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.23.
Insider Activity at Amazon.com
In related news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $103.77, for a total value of $53,960.40. Following the sale, the chief executive officer now directly owns 136,780 shares of the company’s stock, valued at $14,193,660.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total transaction of $358,360.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $13,846,568. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $103.77, for a total transaction of $53,960.40. Following the transaction, the chief executive officer now directly owns 136,780 shares in the company, valued at $14,193,660.60. The disclosure for this sale can be found here. Insiders have sold 73,345 shares of company stock valued at $8,472,000 over the last three months. 12.30% of the stock is owned by corporate insiders.
Amazon.com Trading Up 1.1 %
Shares of AMZN opened at $129.78 on Friday. The firm’s 50 day simple moving average is $120.22 and its 200 day simple moving average is $105.04. The company has a market capitalization of $1.33 trillion, a P/E ratio of 309.00, a P/E/G ratio of 2.50 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57.
Amazon.com (NASDAQ:AMZN – Free Report) last announced its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. Amazon.com’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. Sell-side analysts forecast that Amazon.com, Inc. will post 1.56 earnings per share for the current fiscal year.
Amazon.com Profile
(Free Report)
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company’s products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
Featured Stories
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
Receive News & Ratings for Amazon.com Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.
