Richard C. Young & CO. LTD. boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,759 shares of the e-commerce giant's stock after acquiring an additional 1,412 shares during the quarter. Amazon.com accounts for about 1.8% of Richard C. Young & CO. LTD.'s investment portfolio, making the stock its 19th largest holding. Richard C. Young & CO. LTD.'s holdings in Amazon.com were worth $17,078,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the 4th quarter valued at approximately $35,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the 1st quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the 1st quarter valued at approximately $40,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Trading Up 0.0%
NASDAQ:AMZN traded up $0.05 on Friday, reaching $231.03. The company's stock had a trading volume of 39,600,434 shares, compared to its average volume of 47,994,872. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a market cap of $2.46 trillion, a PE ratio of 35.22, a PEG ratio of 1.56 and a beta of 1.31. The business's 50-day moving average price is $221.41 and its two-hundred day moving average price is $208.44.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the previous year, the firm earned $1.26 earnings per share. The company's revenue was up 13.3% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages recently weighed in on AMZN. Morgan Stanley reissued an "overweight" rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Thursday. Jefferies Financial Group raised their price objective on Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. HSBC lifted their price target on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $280.00 price target on shares of Amazon.com in a research report on Wednesday. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $262.87.
Get Our Latest Report on Amazon.com
Insider Transactions at Amazon.com
In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% 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. Insiders sold 25,096,253 shares of company stock valued at $5,673,745,409 over the last ninety days. 9.70% of the stock is currently owned by insiders.
Amazon.com Company Profile
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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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