Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lifted by Cohen Investment Advisors LLC

Key Points

• Cohen Investment Advisors LLC increased its stake in Amazon.com by 11.5%, purchasing an additional 3,503 shares, making Amazon its 4th largest holding.
• Amazon.com reported a net margin of 10.14% and earnings per share of $1.59 for the last quarter, exceeding analyst expectations.
• Research analysts have issued a moderate buy rating for Amazon with an average price target of $255.21.

Cohen Investment Advisors LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,059 shares of the e-commerce giant's stock after buying an additional 3,503 shares during the period. Amazon.com accounts for about 3.8% of Cohen Investment Advisors LLC's holdings, making the stock its 4th biggest holding. Cohen Investment Advisors LLC's holdings in Amazon.com were worth $6,480,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Tallon Kerry Patrick purchased a new position in Amazon.com during the fourth quarter worth about $800,000. LaFleur & Godfrey LLC boosted its stake in Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after buying an additional 860 shares during the period. Brighton Jones LLC boosted its stake in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after buying an additional 397,007 shares during the period. Revolve Wealth Partners LLC boosted its stake in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after buying an additional 986 shares during the period. Finally, Bank Pictet & Cie Europe AG boosted its stake in Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after buying an additional 54,987 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. 9.70% of the stock is owned by insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $19.36 during trading on Friday, hitting $214.75. 122,007,379 shares of the company were exchanged, compared to its average volume of 44,843,602. The company has a market cap of $2.28 trillion, a price-to-earnings ratio of 34.98, a PEG ratio of 1.71 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm's fifty day moving average price is $217.93 and its 200 day moving average price is $209.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on AMZN shares. Westpark Capital reaffirmed a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday. Telsey Advisory Group upped their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday. Moffett Nathanson upped their target price on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Raymond James Financial reaffirmed an "outperform" rating and set a $195.00 target price (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Finally, Citigroup upped their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday. Three analysts have rated the stock with a hold rating, forty-six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $260.85.

About Amazon.com

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.