Canvas Wealth Advisors LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Canvas Wealth Advisors LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,455 shares of the e-commerce giant's stock after buying an additional 9,038 shares during the quarter. Amazon.com accounts for 3.2% of Canvas Wealth Advisors LLC's investment portfolio, making the stock its 8th biggest position. Canvas Wealth Advisors LLC's holdings in Amazon.com were worth $12,721,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Western Wealth Management LLC raised its position in shares of Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. bought a new position in Amazon.com during the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC lifted its stake in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Bearing Point Capital LLC bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $12,014,000. Finally, Evergreen Capital Management LLC grew its stake in Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after purchasing an additional 1,198 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

AMZN stock traded down $1.83 during midday trading on Tuesday, hitting $227.47. The stock had a trading volume of 34,014,567 shares, compared to its average volume of 41,950,242. The firm has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 37.05, a P/E/G ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a 50-day simple moving average of $213.50 and a 200 day simple moving average of $208.51. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 earnings per share. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $235.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Moffett Nathanson lifted their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday. Raymond James Financial reiterated an "outperform" rating and set a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Finally, BMO Capital Markets lifted their price objective on shares of Amazon.com from $233.00 to $270.00 and gave the stock an "outperform" rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $253.98.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 733,195 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total value of $166,449,928.90. Following the completion of the transaction, the insider directly owned 894,546,706 shares of the company's stock, valued at approximately $203,079,993,196.12. The trade was a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares in the company, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,335,232 shares of company stock valued at $3,210,622,570 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.