Amazon.com, Inc. (NASDAQ:AMZN) shares acquired by E&G Advisors LP

E&G Advisors LP raised its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.8% in the first quarter, according to its latest filing with the Securities & Exchange Commission. The fund held 25,882 shares of the e-commerce giant after acquiring an additional 466 shares during the quarter. Amazon.com accounts for 1.5% of E&G Advisors LP’s holdings, making it the 12th-largest stock. E&G Advisors LP’s stake in Amazon.com was worth $4,669,000, according to its latest filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings in the stock. Collective Family Office LLC increased its stake in Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares during the period. Members Trust Co increased its position in Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares during the period. Cherrydale Wealth Management LLC increased its stake in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after purchasing an additional 675 shares during the last quarter. Tompkins Financial Corp. increased its position in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp. now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after acquiring an additional 2,273 shares during the period. Finally, Nordea Investment Management AB increased its stake in Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after acquiring an additional 277,631 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Amazon.com stock opened at $195.05 on Friday. The stock has a market capitalization of $2.03 trillion, a price-to-earnings ratio of 54.64, a P/E/G ratio of 1.43, and a beta of 1.15. The lowest price of Amazon.com, Inc. stock in a year was $118.35, and the highest was $201.20. The company’s 50-day average price per share is $187.46, and its 200-day average price per share is $175.88. The company has a current liquidity ratio of 1.07, a current ratio of 0.87, and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ estimates of $142.65 billion. During the same quarter last year, the company earned $0.31 earnings per share. The company’s revenue increased 12.5% ​​year-over-year. Stock analysts, on average, predict that Amazon.com, Inc. will report earnings of 4.72 per share for the current fiscal year.

Insider Buying and Selling on Amazon.com

In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction that occurred on Friday, July 5. The shares were sold at an average price of $200.07, for a total transaction amount of $617,239,158.12. Following the sale, the insider now directly owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The transaction was disclosed in legal documents filed with the Securities & Exchange Commission, which are available on the SEC’s website. In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction dated Friday, July 5. The shares were sold at an average price of $200.07, for a total transaction amount of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Wednesday, May 1. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the sale, the CEO now directly owns 509,358 shares of the company’s stock, valued at $91,832,153.82. Disclosure of this sale can be found here . Over the last 90 days, insiders have sold 6,113,490 shares of the company’s stock, valued at $1,222,340,738. 10.80% of the stock is currently owned by corporate insiders.

Wall Street analysts assess

Several research firms have recently commented on AMZN. Rosenblatt Securities reissued a “buy” rating and set a $220.00 price target on shares of Amazon.com in a report on Wednesday, May 1. Evercore ISI raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “outperform” rating in a research note on Wednesday, May 1. Stifel Nicolaus raised their price target on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. Bank of America raised their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26. Finally, Piper Sandler raised their price target on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. One investment analyst rated the stock a “hold,” forty-two have rated it a “buy,” and one has given the stock a “strong buy” rating. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $217.38.

Read our latest analysis on Amazon.com

Amazon.com Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

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