Capital Asset Advisory Services LLC raises stake in Amazon.com, Inc. (NASDAQ:AMZN)

Capital Asset Advisory Services LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% in the first quarter, according to its latest filing with the Securities & Exchange Commission. The company now owns 67,645 shares of the e-commerce giant after purchasing an additional 3,425 shares during the quarter. Capital Asset Advisory Services LLC’s stake in Amazon.com was worth $12,519,000, according to its latest SEC filing.

Several other major investors also modified their holdings in AMZN. Collective Family Office LLC increased its holdings in Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares in the last quarter. Members Trust Co increased its position in Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC increased its position in 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 worth $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp. increased its stake in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp. now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares during the period. Finally, Nicholas Company Inc. increased its position in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after purchasing an additional 26,465 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, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the Vice President 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 SEC, which is available through this hyperlink . In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the transaction, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, Vice Chairman Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total of $489,753.00. Following the sale, the Vice Chairman now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. Disclosure of this sale can be found here. Over the past three months, insiders have sold a total of 69,548 shares of the company’s stock, valued at $12,774,204. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com shares down 1.2%

Amazon.com shares opened at $197.59 on Thursday. The company has a market capitalization of $2.06 trillion, a P/E ratio of 55.35, a PEG ratio of 1.38 and a beta of 1.15. The company has a 50-day moving average of $184.68 and a 200-day moving average of $173.98. 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, Inc. has a one-year low of $118.35 and a one-year high of $200.43.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus 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 the consensus estimate of $142.65 billion. During the same quarter last year, the company earned $0.31 earnings per share. The company’s revenue increased 12.5% compared to the same quarter last year. Analysts, on average, forecast that Amazon.com, Inc. will report earnings of $4.72 per share for the current year.

Wall Street analysts assess

AMZN has been the subject of several recent research reports. Oppenheimer raised their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1. Barclays raised their price target for Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1. Piper Sandler raised their price target for Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1. DA Davidson reiterated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18. Finally, Truist Financial raised their price objective on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. One equities research analyst rated the stock a “hold,” forty-three gave a buy rating, and one gave the stock a strong buy rating. The company currently has a consensus rating of “Buy” and an average price target of $215.86, according to data from MarketBeat.

Check out 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.

Internal Activity at Amazon.com

Amazon.com shares down 1.2%

Wall Street analysts assess

About Amazon.com

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