Amazon.com, Inc. Share (NASDAQ:AMZN) increased by Global Assets Advisory LLC

Global Assets Advisory LLC has increased its position in Amazon.com, Inc., according to its latest disclosure to the Securities and Exchange Commission (SEC). (NASDAQ:AMZN) by 30,350.2% in the first quarter. The institutional investor owned 6,531,569 shares of the e-commerce giant after purchasing an additional 6,510,119 shares during the period. Amazon.com comprises 3.8% of Global Assets Advisory LLC’s portfolio, making it the sixth largest company. At the end of the most recent reporting period, Global Assets Advisory LLC held approximately 0.06% of Amazon.com worth $1,178,164,000.

Other institutional investors and hedge funds have also recently modified their holdings in the company. 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 position 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 shares in Amazon.com 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 shares in Amazon.com by 2.8%. Argent Advisors Inc. now owns 3,847 shares of the e-commerce giant’s stock worth $489,000 after acquiring an additional 105 shares in the last quarter. Finally, Commonwealth of Pennsylvania Empls Retrmt SYS public school increased 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. Currently, 72.20% of the shares are held by institutional investors.

Changes in analyst ratings

Many research analysts have recently commented on the company. On Wednesday, May 1, Rosenblatt Securities maintained a “buy” rating and set a price target for Amazon.com shares at $220.00. Moffett Nathanson maintained a “buy” rating and set a $228.00 price target on shares of Amazon.com in a report issued on Thursday, April 11. Barclays increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. In a research report issued on Wednesday, May 1, Roth Mkm maintained a “buy” rating and set a price target on shares of Amazon.com of $210.00 (up from $205.00). Finally, Robert W. Baird raised their price target on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. One equity research analyst rated the company with a hold rating, forty-three issued a buy rating to the company and one gave a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus price target of $215.74.

Check out our latest stock report on Amazon.com

Insider buying and selling on Amazon.com

In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total transaction value of $489,753.00. Following the completion of the sale, the VP now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a filing with the Securities and Exchange Commission, available at this hyperlink . In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21. The shares were sold at an average price of $181.39, for a total transaction value of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. 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 dated 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 sale, the CEO now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. An announcement regarding the sale can be found here . Over the last ninety days, insiders have sold 65,338 shares of the company’s stock, valued at $11,894,344. Insiders now own 10.80% of the outstanding shares.

Amazon.com stock performance

AMZN stock opened Thursday at $193.61. The company’s 50-day moving average is $182.88 and its 200-day moving average is $172.28. The company has a quick 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 $2.01 trillion, a price-to-earnings ratio of 54.23, a PEG ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $194.80.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results 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’s revenue for the quarter was $143.31 billion, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenues increased by 12.5% ​​compared to the same quarter last year. During the same period last year, the company saw an EPS of $0.31. Sell-side analysts predict that Amazon.com, Inc. will post an average of 4.72 EPS in the current fiscal year.

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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