Beacon Financial Group increases its stake in Amazon.com, Inc. (NASDAQ:AMZN)

According to the latest 13F filing filed with the SEC, Beacon Financial Group increased its holdings in Amazon.com, Inc. shares. (NASDAQ:AMZN – Free Report) up 7.5% in the fourth quarter. An institutional investor owned 21,861 shares of the e-commerce giant after purchasing an additional 1,521 shares during the quarter. Beacon Financial Group’s stock in Amazon.com was worth $3,322,000 at the end of the last quarter.

Other large investors have also recently increased or decreased their stake in the company. Members Trust Co raised its position on Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after purchasing an additional 341 shares during the period. Cherrydale Wealth Management LLC increased its position on 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 valued at $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp boosted its position on 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 purchasing an additional 2,273 shares during the period. Nicholas Company Inc. in the third quarter it increased its position on Amazon.com by 3.9%. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares during the period. Finally, Nordea Investment Management AB increased its holdings 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. Hedge funds and other institutional investors hold 72.20% of the company’s shares.

Amazon.com stock performance

NASDAQ AMZN shares opened Friday at $183.66. The company has a 50-day moving average of $182.92 and a 200-day moving average of $170.19. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27. The company’s market capitalization is $1.91 trillion, its price-to-earnings ratio is 51.45, its price-to-earnings growth ratio is 1.32, and its beta is 1.14. Amazon.com, Inc. it has a 12 month low of $118.35 and a 12 month high of $191.70.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, $0.15 above the consensus estimate of $0.83. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s quarterly revenues increased by 12.5% ​​compared to the same quarter last year. During the same period last year, the company reported earnings per share of $0.31. Analysts predict that on average this year, Amazon.com, Inc. will record 4.72 earnings per share.

Confidential activity on Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the closing of the transaction, the CEO now directly owns 132,600 shares of the company’s stock valued at $23,868,000. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73 for a total value of $632,555.00. Following the completion of the transaction, the CEO now directly owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the closing of the transaction, the CEO now owns 132,600 shares of the company’s stock valued at $23,868,000. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 65,838 shares of company stock worth $11,984,344. 10.80% of the shares are owned by company insiders.

Wall Street analysts predict growth

Many brokerages have published reports on AMZN. Benchmark reissued a “buy” rating and set a $200.00 price target for shares of Amazon.com in a report on Wednesday, May 1st. Oppenheimer increased their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Raymond James raised their target price on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “score buy” rating in a report on Wednesday, May 1st. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Mizuho increased their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One equity research analyst has rated the company with a hold rating, forty-three have rated the company with a buy rating and one has given the company a strong buy rating. Based on data from MarketBeat, the stock’s current average rating is “Buy” and the consensus price target is $213.82.

Read our latest analysis on Amazon.com

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. 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 media content.

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