Mezzasalma Advisors LLC has a $9.64 million stake in Amazon.com, Inc. (NASDAQ:AMZN)

Mezzasalma Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 7.7% in the 1st quarter, according to the company’s latest filing with the Securities & Exchange Commission. The firm now owns 53,452 shares of the e-commerce giant after purchasing an additional 3,842 shares during the quarter. Amazon.com makes up about 4.6% of Mezzasalma Advisors LLC’s investment portfolio, making it the 8th-largest stock. Mezzasalma Advisors LLC’s stake in Amazon.com was worth $9,642,000, according to the company’s latest SEC filing.

Other hedge funds also recently modified their holdings in the company. Ridgecrest Wealth Partners LLC increased its position 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 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 position 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 during the period. 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 position 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 during the period. Institutional investors own 72.20% of the company’s stock.

Wall Street analysts assess

Several analysts have issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $200.00 price target for shares of Amazon.com in a research note on Wednesday, May 1. Oppenheimer raised their price objective for Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1. Piper Sandler raised their price objective for Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1. BMO Capital Markets raised their price objective for shares of Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1. Finally, Robert W. Baird raised their price target on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research report on Friday, June 21. One equities research analyst rated the stock a “hold,” forty-two gave a “buy” rating, and one gave the stock a “strong buy” rating. The company has a consensus rating of “buy” and a consensus price target of $217.38, based on data from MarketBeat.com.

Read our latest analysis on Amazon.com

Internal activity

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s 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 owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in legal documents filed with the SEC, which can be accessed at this link . In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on 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 sale, the CEO now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in legal documents filed with the SEC, which are available on the SEC website. Additionally, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total of $489,753.00. Following the transaction, the Vice President now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. Disclosure of this sale can be found here. Insiders have sold a total of 6,113,490 shares of the company’s stock valued at $1,222,340,738 over the last ninety days. Corporate insiders currently own 10.80% of the stock.

Amazon.com shares down 0.3%

Amazon.com stock opened at $194.49 on Monday. The company’s 50-day simple moving average is $187.63, and its two-hundred-day simple moving average is $176.49. The stock has a market capitalization of $2.02 trillion, a P/E ratio of 54.48, a price-to-earnings-growth ratio of 1.39, and a beta of 1.15. The Amazon.com, Inc. stock has a 52-week low of $118.35, and a high of $201.20. The company has a debt ratio of 0.27, a current ratio of 0.87, and a current ratio of 1.07.

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 (EPS) for the quarter, beating the consensus estimate 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’s revenue for the quarter was $143.31 billion, compared to analysts’ expectations of $142.65 billion. During the same period last year, the company posted $0.31 EPS. The company’s quarterly revenue increased 12.5% ​​year-over-year. Analysts, on average, predict that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Amazon.com Company 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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