Southland Equity Partners LLC buys 610 shares of Amazon.com, Inc. (NASDAQ:AMZN)

According to the latest information provided to the Securities and Exchange Commission, Southland Equity Partners LLC increased its holdings in Amazon.com, Inc. shares. (NASDAQ:AMZN – Free Report) up 5.1% in the first quarter. The company owned 12,591 shares of the e-commerce giant after purchasing an additional 610 shares during the quarter. At the end of the last quarter, Southland Equity Partners LLC’s stock in Amazon.com was worth $2,271,000.

Several other hedge funds and other institutional investors also recently increased or decreased their holdings in AMZN. Davidson Investment Advisors increased its holdings in Amazon.com by 1.0% during the third quarter. Davidson Investment Advisors now owns 502,883 shares of the e-commerce giant’s stock worth $63,926,000 after purchasing an additional 4,748 shares in the last quarter. TAGstone Capital Inc. increased its holdings in Amazon.com shares by 0.3% in the third quarter. TAGstone Capital Inc. now owns 63,749 shares of the e-commerce giant’s stock valued at $8,104,000 after acquiring an additional 168 shares in the last quarter. In the third quarter, Davidson Trust Co. increased its stake in Amazon.com shares by 32.1%. Davidson Trust Co. now owns 3,909 shares of the e-commerce giant’s stock worth $497,000 after acquiring an additional 949 shares in the last quarter. In the third quarter, Argent Advisors Inc. increased its position on Amazon.com by 2.8%. Argent Advisors Inc. now owns 3,847 shares of the e-commerce giant’s stock valued at $489,000 after acquiring an additional 105 shares during the period. Finally, Commonwealth of Pennsylvania Empls Retrmt SYS raised its holdings in Amazon.com by 17.3% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,825,619 shares of the e-commerce giant’s stock valued at $232,073,000 after purchasing an additional 268,806 shares in the last quarter. Institutional investors and hedge funds hold 72.20% of the company’s shares.

Amazon.com pricing performance

AMZN shares opened Thursday at $193.61. 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 has a market capitalization of $2.01 trillion, a P/E ratio of 54.23, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The stock’s 50-day moving average price is $182.88 and its two-hundred-day moving average price is $172.28. Amazon.com, Inc. it has a 1-year low of $118.35 and a 1-year high of $194.80.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released quarterly data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, $0.15 above the analyst consensus of $0.83. The company had revenue of $143.31 billion for the quarter, compared to analyst expectations of $142.65 billion. 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 up 12.5% ​​year-over-year. In the same quarter last year, the company earned $0.31 per share. On average, stock analysts predict that Amazon.com, Inc. will report 4.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently published reports on AMZN stock. Bank of America raised their price target on Amazon.com shares from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Raymond James increased their price target on Amazon.com from $200.00 to $205.00 and gave the company a “strong buy” rating in a research report on Wednesday, May 1st. Truist Financial increased their price target on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research 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 report on Wednesday, May 1st. One analyst rated the company’s shares with a hold rating, forty-three rated the company’s shares with a buy rating, and one gave a strong buy rating to the company’s shares. According to MarketBeat.com, the consensus rating for the company’s stock is “Buy” and the average price target is $215.74.

Check out our latest research report on Amazon.com

Confidential activity on Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.44 for a total transaction of $3,771,048.96. Following the transaction, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction amount of $3,771,048.96. Following the sale, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The sale was disclosed in a filing with the Securities and Exchange Commission, available at this link. Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction amount of $620,515.00. Following the completion of the transaction, the CEO now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The announcement of this sale can be found here. In the last quarter, insiders sold a total of 65,338 shares of company stock worth $11,894,344. Corporate insiders own 10.80% of the company’s shares.

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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