Evolution Wealth Advisors LLC has a $17.12 million stake in Amazon.com, Inc. (NASDAQ:AMZN)

Evolution Wealth Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% in the 1st quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission (SEC). The fund now owns 94,924 shares of the e-commerce giant after purchasing an additional 4,533 shares during the period. Amazon.com owns about 3.3% of Evolution Wealth Advisors LLC, making it the 5th-largest stake. Evolution Wealth Advisors LLC’s stake in Amazon.com was worth $17,122,000, according to the company’s latest 13F filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also added to or reduced their holdings in the company. Ridgecrest Wealth Partners LLC increased its holdings in shares of Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after purchasing an additional 56 shares in the last quarter. Stordahl Capital Management Inc. increased its holdings in shares of Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after purchasing an additional 56 shares in the last quarter. Echo45 Advisors LLC increased its holdings in shares of Amazon.com by 0.9% in the first quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock worth $1,194,000 after purchasing an additional 59 shares in the last quarter. ShoreHaven Wealth Partners LLC increased its holdings in shares of Amazon.com by 1.9% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares in the last quarter. Finally, O Dell Group LLC increased its holdings in shares of Amazon.com by 0.5% in the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst ratings upgrades and downgrades

Several brokerage firms have recently issued reports on AMZN. Oppenheimer raised their price objective for shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1. Argus raised their price objective for shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 2. Piper Sandler raised their price objective for shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1. Goldman Sachs Group raised their price objective for shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1. Finally, Mizuho raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, May 1. One investment analyst rated the stock a “hold,” forty-two rated it a “buy,” and one gave the company a “strong buy” rating. Based on data from MarketBeat, the stock currently has an average rating of “buy” and a consensus price target of $217.38.

See our latest research report on Amazon.com

Amazon.com sees a 2.4% drop

NASDAQ:AMZN opened at $195.05 on Friday. The company has a 50-day moving average of $187.46 and a 200-day moving average of $175.88. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.03 trillion, a P/E ratio of 54.64, a P/E/G ratio of 1.43 and a beta of 1.15.

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 the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was $143.31 billion, compared to analyst estimates of $142.65 billion. During the same period last year, the company earned $0.31 per share. The company’s revenue for the quarter increased 12.5% year-over-year. Research analysts, on average, predict that Amazon.com, Inc. will report $4.72 earnings per share for the current year.

Insiders place their bets

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Wednesday, May 1. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the transaction, the CEO now directly owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the CEO now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in an SEC filing, which is available at this hyperlink . Additionally, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Wednesday, May 1. The shares were sold at an average price of $180.29, for a total transaction value of $631,015.00. Following the transaction, 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 ninety 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.

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.

Analyst ratings upgrades and downgrades

Amazon.com sees a 2.4% drop

Insiders place their bets

Amazon.com Profile

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