Coston McIsaac & Partners Buys 79 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Coston McIsaac & Partners increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the 1st quarter, according to the company’s latest 13F filing with the SEC. The fund held 2,869 shares of the e-commerce giant after purchasing an additional 79 shares during the quarter. Coston McIsaac & Partners’ stake in Amazon.com was worth $517,000, according to the company’s latest SEC filing.

Several other hedge funds have also recently added to or reduced their holdings in the company. Cooksen Wealth LLC acquired a new stake in Amazon.com shares in Q4 worth around $30,000. E Fund Management Hong Kong Co. Ltd. increased its position in Amazon.com by 45.0% in Q4. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant worth $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC acquired a new stake in Amazon.com in Q4 worth $43,000. Clarity Asset Management Inc. acquired a new stake in Amazon.com in Q4 worth $46,000. Finally, Steph & Co. acquired a new stake in Amazon.com in Q1 worth $65,000. Institutional investors own 72.20% of the company’s stock.

Changes in analyst ratings

Several analysts have recently issued reports on shares of AMZN. Monness Crespi & Hardt raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1. Telsey Advisory Group raised their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1. Wells Fargo & Company raised their price target on shares of Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a research report on Friday, June 28. Barclays raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1. Finally, Morgan Stanley raised their price objective on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. One research analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has given the stock a “strong buy” rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $215.86.

Read our latest research report on AMZN

Amazon.com shares up 1.2%

NASDAQ AMZN shares opened at $200.00 on Friday. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $200.55. The company has a current ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.02, a PEG ratio of 1.41 and a beta of 1.15. The company has a 50-day moving average of $185.99 and a 200-day moving average of $174.78.

Amazon.com (NASDAQ:AMZN – Get Free Report ) last released its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter a year ago, the company earned $0.31 earnings per share. Amazon.com revenue increased 12.5% ​​year-over-year. Sell-side analysts expect Amazon.com, Inc. to report earnings of $4.72 per share for the current fiscal year.

Amazon.com Internal Transactions

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Wednesday, May 1. The shares were sold at an average price of $180.29, for a total transaction value of $631,015.00. Following the completion of the transaction, the CEO now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The sale 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, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18. The shares were sold at an average price of $181.38, for a total transaction value of $90,690.00. Following the completion of the sale, the CEO now owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in legal documents filed with the SEC, which can be accessed through this link . Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1. The shares were sold at an average price of $180.29, for a total of $631,015.00. Following the completion of the sale, the CEO now directly owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. Disclosure regarding this sale can be found here . Over the last 90 days, insiders have sold 1,532,985 shares of the company’s stock valued at $305,578,679. Corporate insiders own 10.80% of the stock.

Amazon.com Profile

(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.

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