Garrison Bradford & Associates Inc. buys 1,330 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Garrison Bradford & Associates Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 9.8% in the first quarter, according to the company’s latest disclosure with the Securities & Exchange Commission. The institutional investor holds 14,867 shares of the e-commerce giant after purchasing an additional 1,330 shares during the quarter. Amazon.com makes up about 2.8% of Garrison Bradford & Associates Inc.’s portfolio, making the stock its 11th-largest position. Garrison Bradford & Associates Inc.’s stake in Amazon.com was worth $2,682,000 at the end of the last reporting period.

Other institutional investors have also recently bought and sold shares of the company. Cooksen Wealth LLC bought a new stake in Amazon.com in Q4 worth about $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC bought a new stake in Amazon.com in Q4 worth $43,000. Clarity Asset Management Inc. bought a new stake in Amazon.com in Q4 worth $46,000. Finally, Steph & Co. bought a new position in Amazon.com shares in Q1 worth $65,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Changes in analyst ratings

AMZN has been the subject of several recent research reports. Bank of America raised their price target for Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, June 26. Citigroup raised their price target for shares of Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. Needham & Company LLC reissued a “buy” rating and set a $205.00 price target for shares of Amazon.com in a research report on Monday, July 1. Telsey Advisory Group raised their price target for 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. Finally, Wedbush reaffirmed an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1. One research analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has given a “strong buy” rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus price target of $215.86.

Download our latest research report on Amazon.com

Amazon.com revenue up 1.2%

Amazon.com stock opened at $200.00 on Friday. 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 lowest value of Amazon.com, Inc. stock in the last twelve months was $118.35, and the highest was $200.55. The company has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a P/E/G ratio of 1.41, and a beta of 1.15. The company’s 50-day average price per share is $185.99, and its 200-day average price per share is $174.63.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its 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. 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 the consensus estimate of $142.65 billion. During the same quarter last year, the company reported earnings per share of $0.31. The company’s quarterly revenue increased 12.5% compared to the same quarter last year. Sell-side analysts are predicting that Amazon.com, Inc. will report earnings per share of $4.72 for the current fiscal year.

Insiders are betting

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the CEO now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in legal documents filed with the SEC, which can be accessed through this link . In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Wednesday, May 1. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the transaction, the CEO now owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The transaction was disclosed in legal documents filed with the SEC, which can be accessed through this hyperlink . Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated 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 directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. 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 90 days. 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.

Changes in analyst ratings

Amazon.com revenue up 1.2%

Insiders are betting

Amazon.com Profile

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