CWC Advisors LLC. Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

CWC Advisors LLC. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 109.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,918 shares of the e-commerce giant's stock after purchasing an additional 2,046 shares during the quarter. CWC Advisors LLC.'s holdings in Amazon.com were worth $745,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Amazon.com by 2.2% in the fourth 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 in the last quarter. FMR LLC increased its holdings in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Amazon.com during the fourth quarter valued at $27,266,582,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AMZN shares. Needham & Company LLC raised their price target on Amazon.com from $220.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday. JPMorgan Chase & Co. raised their target price on Amazon.com from $240.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Piper Sandler set a $250.00 target price on Amazon.com and gave the stock an "overweight" rating in a research report on Friday, July 11th. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $230.00 to $266.00 in a research report on Tuesday. Finally, BMO Capital Markets raised their target price on Amazon.com from $233.00 to $270.00 and gave the stock an "outperform" rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.33.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $0.54 during midday trading on Friday, hitting $231.69. The stock had a trading volume of 4,195,002 shares, compared to its average volume of 43,980,141. The company has a market capitalization of $2.46 trillion, a PE ratio of 37.74, a P/E/G ratio of 1.70 and a beta of 1.33. The stock has a 50 day simple moving average of $215.14 and a 200-day simple moving average of $208.84. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping 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 firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the business posted $0.98 earnings per share. The firm's revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,339,470 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $229.39, for a total transaction of $536,651,023.30. Following the completion of the transaction, the insider directly owned 887,933,999 shares of the company's stock, valued at $203,683,180,030.61. The trade was a 0.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares of the company's stock, valued at $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,947,939 shares of company stock valued at $4,720,588,785. 9.70% of the stock is owned by insiders.

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.