Amazon.com, Inc. (NASDAQ:AMZN) – Shares rose on Beech Hill Advisors Inc.

Beech Hill Advisors Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 15.7% in the first quarter, according to its latest filing with the Securities and Exchange Commission. The fund owned 60,970 shares of the e-commerce giant after buying an additional 8,270 shares during the quarter. Amazon.com accounts for about 4.6% of Beech Hill Advisors Inc., making it its largest holding. Beech Hill Advisors Inc.’s stake in Amazon.com was worth $10,998,000 at the end of the last quarter.

Several other major investors also recently bought and sold AMZN shares. Waters Parkerson & CO. LLC increased its holdings in Amazon.com by 12.4% in the third quarter. Waters Parkerson & CO. LLC now owns 15,292 shares of the e-commerce giant worth $1,944,000 after purchasing an additional 1,684 shares in the last quarter. Arjuna Capital increased its holdings in Amazon.com by 0.8% in the third quarter. After acquiring an additional 325 shares in the last quarter, Arjuna Capital now owns 43,045 shares of the e-commerce giant worth $5,472,000. Valley Wealth Managers Inc. increased its holdings in Amazon.com by 0.7% in the third quarter. Valley Wealth Managers Inc. now owns 12,695 shares of the e-commerce giant worth $1,614,000 after acquiring an additional 87 shares in the last quarter. Cyrus J. Lawrence LLC increased its holdings in Amazon.com by 0.7% in the third quarter. Cyrus J. Lawrence LLC now owns 98,209 shares of the e-commerce giant’s stock valued at $12,484,000 after acquiring an additional 643 shares in the last quarter. Finally, EMC Capital Management increased its holdings in Amazon.com by 3,966.5% in the third quarter. After acquiring an additional 83,495 shares in the last quarter, EMC Capital Management now owns 85,600 shares of the e-commerce giant’s stock valued at $11,060,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stocks Down 2.3%

NASDAQ AMZN stock opened at $193.25 on Friday. The lowest price for Amazon.com, Inc. stock over the last year was $118.35, and the highest was $199.84. The company’s 50-day moving average price is $183.87, and its 200-day moving average price is $172.93. The company has a market capitalization of $2.01 trillion, a P/E ratio of 54.13, a price-to-earnings-growth ratio of 1.39, and a beta of 1.14. The company has a debt-to-equity 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 announced its financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 had revenue of $143.31 billion for the quarter, compared to analysts’ estimates of $142.65 billion. During the same quarter last year, the company earned $0.31 earnings per share. Amazon.com’s revenue increased 12.5% compared to the same quarter last year. Sell-side analysts are predicting that Amazon.com, Inc. will report earnings of $4.72 per share for the current year.

Wall Street analysts predict growth

Several stock analysts have published reports on AMZN stock. DA Davidson maintained a “buy” rating on shares of Amazon.com and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. UBS Group increased their target price on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Needham & Company LLC maintained a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research note on Wednesday, May 15. Finally, Morgan Stanley raised their target price on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. One equity market research 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. Based on data from MarketBeat, the consensus rating for the company’s stock is “Buy” and the average price target is $215.86.

Read our latest stock analysis on Amazon.com

Insider Buying and Selling on Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, bringing the total value to $632,555.00. Following the transaction, the CEO now owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC’s website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.44, bringing the total value to $3,771,048.96. Following the transaction, the CEO now owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC’s website. Additionally, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, bringing the total transaction amount to $632,555.00. Following the completion of the transaction, the CEO now owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. Disclosure for this sale can be found here. Insiders sold a total of 65,338 shares of company stock worth $11,894,344 in the last quarter. 10.80% of the shares belong to insiders.

Amazon.com Profile

(Free Report)

Amazon.com, Inc. is a retailer of consumer products, advertising, and subscription services 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 televisions; and develops and produces media content.

Amazon.com Stocks Down 2.3%

Wall Street analysts predict growth

Insider Buying and Selling on Amazon.com

Amazon.com Profile

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