Amazon.com, Inc. (NASDAQ:AMZN) shares purchased by LVW Advisors LLC

LVW Advisors LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 8.4% in the first quarter, according to the company’s latest filing with the Securities and Exchange Commission. The fund held 37,990 shares of the e-commerce giant after acquiring an additional 2,935 shares during the period. Amazon.com makes up about 1.2% of LVW Advisors LLC’s investment portfolio, making it the 12th-largest stock. LVW Advisors LLC’s stake in Amazon.com was worth $6,853,000, according to the company’s latest filing with the SEC.

Several other major investors also recently added to or decreased their stakes in the company. Collective Family Office LLC increased its stake in Amazon.com shares 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 stake in Amazon.com shares 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 stake in Amazon.com shares 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 holdings in shares of 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, Nordea Investment Management AB increased its holdings in shares of Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after purchasing an additional 277,631 shares during the period. 72.20% of the shares are owned by institutional investors and hedge funds.

Wall Street analysts predict growth

Several analysts have recently issued reports on shares of AMZN. Citigroup raised their price objective for shares of Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, May 1. Tigress Financial raised their price objective for shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, May 30. Piper Sandler raised their price objective for shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. Maxim Group lowered their price objective for shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, May 1. Finally, Evercore ISI raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1. One investment analyst rated the stock a “hold,” forty-three gave a “buy” rating, and one gave the stock a “strong buy” rating. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $215.86.

See our latest research report on AMZN

Insiders are betting

In other Amazon.com 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 sale, the CEO now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink . In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 3. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the CEO now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a document filed with the SEC, which is available at this link . Additionally, 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 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 . Over the last three months, insiders have sold 1,532,985 shares of the company’s stock, valued at $305,578,679. Insiders own 10.80% of the stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $200.00 on Monday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.55. The company’s 50-day simple moving average is $185.99, and its 200-day simple moving average is $174.94. The company has a current ratio of 0.87, a current ratio of 1.07, and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a P/E/G ratio of 1.43, and a beta of 1.15.

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, topping the consensus estimate 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 analysts’ expectations of $142.65 billion. During the same period last year, the company earned $0.31 earnings per share. Amazon.com’s revenue for the quarter was up 12.5% ​​compared to the same quarter last year. Equity analysts expect Amazon.com, Inc. to post 4.72 EPS for the current year.

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.

See also

Get daily news and reviews for Amazon.com – Enter your email address below to receive a concise summary of the latest news and analyst ratings for Amazon.com and related companies in MarketBeat.com’s FREE daily newsletter.