Capital Asset Advisory Services LLC Purchases 7,262 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Capital Asset Advisory Services LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,500 shares of the e-commerce giant's stock after purchasing an additional 7,262 shares during the quarter. Capital Asset Advisory Services LLC's holdings in Amazon.com were worth $15,975,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMZN. Cable Hill Partners LLC increased its holdings in Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after purchasing an additional 44 shares in the last quarter. Quattro Financial Advisors LLC increased its holdings in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares in the last quarter. Northern Capital Management Inc. increased its holdings in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 45 shares in the last quarter. White Wing Wealth Management increased its holdings in Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after purchasing an additional 47 shares in the last quarter. Finally, Balanced Wealth Group LLC increased its holdings in Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after purchasing an additional 48 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on AMZN. JPMorgan Chase & Co. upped their target price on Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Westpark Capital reissued a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Cantor Fitzgerald increased their price target on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Jefferies Financial Group decreased their price target on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Benchmark reissued a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.89.

Insider Activity

In related news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 over the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 1.1%

Shares of AMZN stock traded down $2.30 during trading hours on Wednesday, reaching $212.52. The company had a trading volume of 44,246,577 shares, compared to its average volume of 42,160,587. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. 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 business has a fifty day simple moving average of $197.28 and a 200-day simple moving average of $209.32. The company has a market cap of $2.26 trillion, a price-to-earnings ratio of 34.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results 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 company earned $0.98 earnings per share. The company's revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share 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.