Regatta Capital Group LLC Has $12.05 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Regatta Capital Group LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,325 shares of the e-commerce giant's stock after acquiring an additional 2,181 shares during the period. Amazon.com makes up approximately 2.3% of Regatta Capital Group LLC's investment portfolio, making the stock its 11th largest position. Regatta Capital Group LLC's holdings in Amazon.com were worth $12,048,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AMZN. Parisi Gray Wealth Management raised its holdings in Amazon.com by 12.6% in the 1st quarter. Parisi Gray Wealth Management now owns 23,023 shares of the e-commerce giant's stock valued at $4,380,000 after acquiring an additional 2,572 shares in the last quarter. Panoramic Capital Partners LLC increased its position in shares of Amazon.com by 14.3% in the first quarter. Panoramic Capital Partners LLC now owns 7,892 shares of the e-commerce giant's stock worth $1,502,000 after purchasing an additional 989 shares during the period. International Private Wealth Advisors LLC raised its stake in Amazon.com by 1.0% in the first quarter. International Private Wealth Advisors LLC now owns 14,582 shares of the e-commerce giant's stock valued at $2,774,000 after purchasing an additional 148 shares in the last quarter. Investment Advisory Group LLC lifted its position in Amazon.com by 0.6% during the first quarter. Investment Advisory Group LLC now owns 25,069 shares of the e-commerce giant's stock worth $4,770,000 after purchasing an additional 145 shares during the period. Finally, Everest Management Corp. grew its stake in Amazon.com by 15.1% during the first quarter. Everest Management Corp. now owns 6,462 shares of the e-commerce giant's stock worth $1,229,000 after buying an additional 846 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Up 2.8%

Shares of NASDAQ AMZN traded up $6.18 during midday trading on Friday, reaching $223.30. The stock had a trading volume of 118,355,841 shares, compared to its average volume of 42,286,835. The company's 50 day moving average price is $201.25 and its 200 day moving average price is $209.02. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 1.60 and a beta of 1.33.

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 for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the firm earned $0.98 earnings per share. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total transaction of $476,675.00. Following the sale, the chief executive officer now directly owns 506,974 shares of the company's stock, valued at approximately $96,664,732.58. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 in the last ninety days. 9.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on AMZN. Royal Bank Of Canada decreased their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Truist Financial decreased their price objective on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Bank of America upped their target price on Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. Citizens Jmp reduced their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Raymond James Financial reissued an "outperform" rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.81.

Amazon.com Profile

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.