Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Beacon Financial Group

Beacon Financial Group lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 29.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,765 shares of the e-commerce giant's stock after buying an additional 6,946 shares during the quarter. Beacon Financial Group's holdings in Amazon.com were worth $5,853,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the fourth quarter worth about $25,000. Accordant Advisory Group Inc raised its holdings in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com in the 4th quarter valued at about $35,000. Finally, Perritt Capital Management Inc increased its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. Scotiabank reduced their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Wedbush restated an "outperform" rating and issued a $235.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Wells Fargo & Company decreased their price target on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. Westpark Capital restated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Finally, Piper Sandler restated an "overweight" rating and set a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $244.89.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following 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 trade represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer now owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock valued at $20,531,075 over the last 90 days. Insiders own 9.70% of the company's stock.

Amazon.com Stock Down 1.1%

NASDAQ:AMZN traded down $2.30 on Wednesday, hitting $212.52. The stock had a trading volume of 44,246,577 shares, compared to its average volume of 42,160,574. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.26 trillion, a PE ratio of 35.16, a P/E/G ratio of 1.63 and a beta of 1.33. The business's fifty day moving average is $196.86 and its 200 day moving average is $209.30. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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 business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.98 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Company 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.