Colorado Capital Management Inc. raises stake in Amazon.com, Inc. (NASDAQ:AMZN)

Colorado Capital Management Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 103.2% in the first quarter, according to the company’s latest disclosure with the Securities and Exchange Commission (SEC). The institutional investor holds 6,220 shares of the e-commerce giant after purchasing an additional 3,159 shares during the quarter. Colorado Capital Management Inc.’s stake in Amazon.com was worth $1,122,000 at the end of the last quarter.

Other institutional investors also changed their holdings in the company. ShoreHaven Wealth Partners LLC increased its stake in 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. O Dell Group LLC increased its stake 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. Measured Wealth Private Client Group LLC increased its stake in shares of Amazon.com by 2.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after acquiring an additional 62 shares during the period. Ballew Advisors Inc increased its holdings in Amazon.com by 1.5% in the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after acquiring an additional 62 shares in the last quarter. Finally, Socha Financial Group LLC increased its holdings in Amazon.com by 3.3% in the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Internal Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction dated Thursday, June 27. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the SVP now owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The transaction was disclosed in legal documents filed with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of Amazon.com stock in a transaction dated Thursday, June 27. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the transaction, the SVP now directly owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The sale was disclosed in legal documents filed with the Securities and Exchange Commission, which can be accessed through this hyperlink . Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4. The shares were sold at an average price of $184.00, for a total of $92,000.00. Following the sale, the CEO now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. Disclosure of this sale can be found here . Over the last three months, insiders have sold 66,548 shares of the company’s stock, valued at $12,180,239. Corporate insiders own 10.80% of the company’s stock.

Amazon.com shares up 2.0%

Amazon.com shares opened at $197.20 on Tuesday. The company’s 50-day average price is $183.87 and its 2-hundred-day average price is $173.28. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.05 trillion, a P/E ratio of 55.24, a P/E/G ratio of 1.38 and a beta of 1.15. The company’s twelve-month low is $118.35 and its twelve-month high is $199.84.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly financial results 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. The company had revenue of $143.31 billion for the quarter, 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 quarterly revenue increased 12.5% ​​year-over-year. During the same period last year, the company posted $0.31 EPS. As a group, analysts expect Amazon.com, Inc. to post 4.72 EPS for the current year.

Wall Street analysts predict growth

Several research firms have recently commented on AMZN. Telsey Advisory Group raised their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1. JMP Securities reissued a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1. The benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a research note on Wednesday, May 1. Loop Capital raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday, May 6. Finally, Monness Crespi & Hardt raised their price target on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. One research analyst rated the stock a “hold,” forty-three gave a “buy” rating, and one gave a “strong buy” rating to the company. According to MarketBeat, the stock currently has an average rating of “buy” and a consensus price target of $215.86.

Read our latest analysis on Amazon.com

About Amazon.com

(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.

Further reading

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