Scott Capital Advisors LLC raises stake in Amazon.com, Inc. (NASDAQ:AMZN)

Scott Capital Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 2.6% in the 1st quarter, according to its latest Form 13F filing with the Securities & Exchange Commission. The fund held 3,917 shares of the e-commerce giant after purchasing an additional 100 shares during the period. Amazon.com makes up about 0.2% of Scott Capital Advisors LLC’s holdings, making the stock its 28th-largest. Scott Capital Advisors LLC’s stake in Amazon.com was worth $727,000, according to its latest Form 13F filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their holdings in the company. CM Bidwell & Associates Ltd. increased its position in Amazon.com shares by 10.9% in the third quarter. CM Bidwell & Associates Ltd. now owns 6,522 shares of the e-commerce giant’s stock worth $829,000 after acquiring an additional 641 shares in the last quarter. Epoch Investment Partners Inc. increased its position in Amazon.com shares by 120.9% in the third quarter. Epoch Investment Partners Inc. now owns 811,128 shares of the e-commerce giant’s stock worth $103,111,000 after acquiring an additional 443,969 shares in the last quarter. Peloton Wealth Strategists increased its position in Amazon.com shares by 8.6% in the third quarter. Peloton Wealth Strategists now owns 38,385 shares of the e-commerce giant worth $4,880,000 after acquiring an additional 3,050 shares during the last quarter. Pegasus Partners Ltd. increased its position in shares of Amazon.com by 15.5% in the third quarter. Pegasus Partners Ltd. now owns 11,001 shares of the e-commerce giant worth $1,398,000 after acquiring an additional 1,480 shares during the last quarter. Finally, Paragon Private Wealth Management LLC increased its position in shares of Amazon.com by 2.9% during the third quarter. Paragon Private Wealth Management LLC now owns 17,501 shares of the e-commerce giant worth $2,225,000 after acquiring an additional 486 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com shares up 1.2%

AMZN opened at $200.00 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a current ratio of 0.87. The stock has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.02, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The company has a 50-day moving average of $185.99 and a two-hundred day moving average of $174.94. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $200.55.

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 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 analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue increased by 12.5% ​​year-over-year. During the same quarter last year, the company earned $0.31 earnings per share. Research analysts, on average, expect Amazon.com, Inc. to post earnings of 4.72 per share for the current year.

Insider Buying and Selling on Amazon.com

In other Amazon.com news, Vice President Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21. The shares were sold for 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 approximately $21,726,894.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link In other Amazon.com news, Vice President Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21. The shares were sold for 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 approximately $21,726,894.20. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this link . Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3. The shares were sold at an average price of $177.29, for a total of $620,515.00. Following the sale, the CEO now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. Disclosure of this sale can be found here . Insiders have sold 1,532,985 shares of the company’s stock valued at $305,578,679 over the last 90 days. Insiders own 10.80% of the stock.

Changes in analyst ratings

AMZN has been the subject of numerous research reports. Wells Fargo & Company raised their price target on shares of Amazon.com from $234.00 to $239.00 and gave the stock an “overweight” rating in a research report on Friday, June 28. Roth Mkm reaffirmed a “buy” rating and set a $210.00 price target (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1. Morgan Stanley raised their price target for Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1. Bank of America raised their price target for Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, June 26. 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 assigned a “strong buy” rating to the company. Amazon.com has an average rating of “Buy” and an average price target of $215.86, according to data from MarketBeat.com.

Read our latest research report on Amazon.com

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.

Further reading

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