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Amazon.com, Inc. (NASDAQ:AMZN) Position Lifted by Arbor Capital Management Inc. ADV

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Key Points

  • Arbor Capital Management Inc. ADV increased its stake in Amazon by 7.3% in Q1, acquiring an additional 1,091 shares, which now makes Amazon its largest position at approximately $3.06 million.
  • Several institutional investors made substantial adjustments to their Amazon holdings, including Norges Bank acquiring a stake valued at around $27.27 billion, and GAMMA Investing LLC boosting their holdings by 21,420.5%.
  • Amazon's stock has a current average rating of "Moderate Buy" among analysts, with target prices ranging as high as $266.00, and a recent EPS of $1.59 exceeding analyst expectations.
  • Five stocks to consider instead of Amazon.com.

Arbor Capital Management Inc. ADV boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,938 shares of the e-commerce giant's stock after purchasing an additional 1,091 shares during the quarter. Amazon.com makes up approximately 3.0% of Arbor Capital Management Inc. ADV's holdings, making the stock its biggest position. Arbor Capital Management Inc. ADV's holdings in Amazon.com were worth $3,056,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $27,266,582,000. GAMMA Investing LLC raised its position in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Capital World Investors lifted its stake in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Finally, Proficio Capital Partners LLC increased its position in shares of Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after purchasing an additional 12,018,120 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

AMZN stock traded down $0.82 during trading on Wednesday, hitting $230.19. The stock had a trading volume of 32,258,949 shares, compared to its average volume of 33,970,456. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company's 50-day moving average price is $217.31 and its two-hundred day moving average price is $209.12. 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 $2.44 trillion, a P/E ratio of 37.49, a PEG ratio of 1.71 and a beta of 1.33.

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

Wall Street Analyst Weigh In

Several research firms have commented on AMZN. Tigress Financial lifted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Mizuho cut their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Citigroup increased their price objective on shares of Amazon.com from $225.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Westpark Capital reaffirmed a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. increased their price target on Amazon.com from $240.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $255.52.

View Our Latest Stock Report on Amazon.com

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 25,102,037 shares of company stock worth $5,674,871,223 in the last quarter. Insiders own 9.70% of the company's stock.

Amazon.com 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.

Read More

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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