Astoria Portfolio Advisors LLC. Has $2.99 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Astoria Portfolio Advisors LLC increased its holdings in Amazon.com by 33.1%, now owning 16,532 shares valued at approximately $2.99 million, making it the firm's 19th largest position.
• Amazon's stock is currently rated as a Moderate Buy with an average target price of $254.33, supported by analysts, including a price target increase to $305.00 by Tigress Financial.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon stock for approximately $960.7 million, which signifies a 0.47% decrease in his ownership stake.

Astoria Portfolio Advisors LLC. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 33.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,532 shares of the e-commerce giant's stock after purchasing an additional 4,107 shares during the quarter. Amazon.com makes up about 1.0% of Astoria Portfolio Advisors LLC.'s investment portfolio, making the stock its 19th largest position. Astoria Portfolio Advisors LLC.'s holdings in Amazon.com were worth $2,986,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com during the fourth quarter worth $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter worth $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the fourth quarter worth $35,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the first quarter worth $40,000. Finally, Perritt Capital Management Inc raised its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction 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. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 25,102,037 shares of company stock worth $5,674,871,223 over the last ninety days. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Down 0.8%

NASDAQ AMZN traded down $1.89 during trading hours on Tuesday, hitting $230.90. 8,528,015 shares of the company traded hands, compared to its average volume of 43,771,383. The business's 50-day moving average is $216.19 and its 200-day moving average is $208.82. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 37.61, a P/E/G ratio of 1.72 and a beta of 1.33.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America boosted their target price on Amazon.com from $248.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Citigroup lifted their price objective on Amazon.com from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Oppenheimer lifted their price objective on Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Finally, Jefferies Financial Group lifted their price objective on Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $255.21.

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.