Enclave Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,007 shares of the e-commerce giant's stock after purchasing an additional 3,058 shares during the period. Amazon.com comprises approximately 1.0% of Enclave Advisors LLC's portfolio, making the stock its 27th largest position. Enclave Advisors LLC's holdings in Amazon.com were worth $5,709,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. ACT Wealth Management LLC raised its stake in Amazon.com by 13.4% during the 1st quarter. ACT Wealth Management LLC now owns 1,246 shares of the e-commerce giant's stock worth $237,000 after acquiring an additional 147 shares in the last quarter. MRA Advisory Group raised its stake in Amazon.com by 0.4% during the 1st quarter. MRA Advisory Group now owns 19,451 shares of the e-commerce giant's stock worth $3,701,000 after acquiring an additional 84 shares in the last quarter. Ullmann Wealth Partners Group LLC raised its stake in Amazon.com by 4.5% during the 1st quarter. Ullmann Wealth Partners Group LLC now owns 12,516 shares of the e-commerce giant's stock worth $2,381,000 after acquiring an additional 542 shares in the last quarter. Edge Wealth Management LLC raised its stake in Amazon.com by 7.1% during the 1st quarter. Edge Wealth Management LLC now owns 20,211 shares of the e-commerce giant's stock worth $3,845,000 after acquiring an additional 1,333 shares in the last quarter. Finally, Foster Group Inc. raised its stake in Amazon.com by 16.8% during the 1st quarter. Foster Group Inc. now owns 18,639 shares of the e-commerce giant's stock worth $3,546,000 after acquiring an additional 2,675 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Price Performance
AMZN traded down $2.30 during midday trading on Thursday, reaching $212.52. 44,246,577 shares of the company's stock were exchanged, compared to its average volume of 42,160,587. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a market capitalization of $2.26 trillion, a PE ratio of 34.61, a P/E/G ratio of 1.61 and a beta of 1.33. The business's 50-day moving average price is $197.28 and its 200 day moving average price is $209.32. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on AMZN shares. Cantor Fitzgerald lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Benchmark reissued a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Bank of America raised their price objective on shares of Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $244.89.
Check Out Our Latest Research Report on Amazon.com
Insiders Place Their Bets
In other news, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the transaction, the senior vice president now owns 47,030 shares of the company's stock, valued at $9,519,342.30. The trade was a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,037 shares of company stock worth $20,531,075. Insiders own 9.70% of the company's stock.
Amazon.com Company Profile
(
Free Report)
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.
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