Griffin Asset Management Inc. acquires 654 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Griffin Asset Management Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the first quarter, according to a recent filing with the Securities and Exchange Commission. The institutional investor holds 72,389 shares of the e-commerce giant after purchasing an additional 654 shares during the quarter. Amazon.com makes up about 1.6% of Griffin Asset Management Inc.’s investment portfolio, making it the 12th-largest stock. Griffin Asset Management Inc.’s stake in Amazon.com was worth $13,058,000 at the end of the last quarter.

Other institutional investors and hedge funds also modified their holdings in the company. Longbow Finance SA increased its position in shares of Amazon.com by 125.3% in the third quarter. Longbow Finance SA now owns 262,958 shares of the e-commerce giant’s stock worth $33,427,000 after purchasing an additional 146,268 shares in the last quarter. Manchester Global Management UK Ltd increased its holdings in Amazon.com by 116.8% in the third quarter. Manchester Global Management UK Ltd now owns 147,928 shares of the e-commerce giant’s stock worth $18,805,000 after purchasing an additional 79,700 shares in the last quarter. Mystic Asset Management Inc. increased its position in Amazon.com by 8.0% in the third quarter. Mystic Asset Management Inc. now owns 16,068 shares of the e-commerce giant’s stock worth $2,043,000 after purchasing an additional 1,190 shares during the period. Rice Partnership LLC increased its holdings in shares of Amazon.com by 32.2% in the third quarter. Rice Partnership LLC now owns 68,458 shares of the e-commerce giant’s stock worth $8,702,000 after purchasing an additional 16,665 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. increased its position in shares of Amazon.com by 11.6% in the third quarter. Retirement Planning Co of New England Inc. now owns 28,021 shares of the e-commerce giant’s stock worth $3,562,000 after purchasing an additional 2,920 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $200.00 on Friday. The company’s 50-day average price is $185.99 and its 2-hundred-day average price is $174.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a quick ratio of 1.07. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.55. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a PEG ratio of 1.41 and a beta of 1.15.

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, topping analysts’ consensus estimates 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 analysts’ expectations of $142.65 billion. During the same period last year, the company earned $0.31 earnings per share. The company’s quarterly revenue increased 12.5% compared to the same quarter last year. Analysts are forecasting that Amazon.com, Inc. will post 4.72 EPS for the current year.

Internal activity

In related 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 amount of $90,690.00. Following the completion of the transaction, the CEO now owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in documents filed with the SEC, which can be accessed through the SEC’s website. In related 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 amount of $90,690.00. Following the sale, the CEO now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available at this link . Additionally, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction dated Tuesday, July 2. The shares were sold at an average price of $200.08, for a total of $292,804,474.96. Following the completion of the transaction, the insider now directly owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. Disclosure of this sale can be found here . Insiders have sold a total of 1,532,985 shares of the company’s stock valued at $305,578,679 over the last ninety days. Insiders own 10.80% of the stock.

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 company an “outperform” rating in a research note on Wednesday, May 1. Goldman Sachs Group raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1. JMP Securities reiterated a “market outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1. Finally, Truist Financial raised their price objective on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1. One investment analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has given a “strong buy” rating to the company’s stock. The company currently has an average rating of “buy” and an average price target of $215.86, according to data from MarketBeat.com.

Check out our latest research report on Amazon.com

Amazon.com Company 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.

Amazon.com Price Performance

Internal activity

Wall Street analysts predict growth

Amazon.com Company Profile

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