Dynamic Advisor Solutions LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Dynamic Advisor Solutions LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 176,607 shares of the e-commerce giant's stock after buying an additional 1,593 shares during the period. Amazon.com comprises 1.1% of Dynamic Advisor Solutions LLC's holdings, making the stock its 12th largest holding. Dynamic Advisor Solutions LLC's holdings in Amazon.com were worth $33,601,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management purchased a new stake in Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc boosted its stake in shares of Amazon.com by 72.7% during the 4th 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 in the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $51,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Barclays lowered their price target on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus dropped their target price on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Moffett Nathanson raised their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Benchmark reissued a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Finally, Royal Bank Of Canada reduced their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $246.23.

Amazon.com Stock Performance

Shares of AMZN stock traded down $0.54 on Wednesday, reaching $219.92. The stock had a trading volume of 30,825,114 shares, compared to its average volume of 42,022,731. 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 firm has a market capitalization of $2.33 trillion, a price-to-earnings ratio of 35.82, a P/E/G ratio of 1.66 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm's 50-day moving average is $204.25 and its two-hundred day moving average is $208.75.

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

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president owned 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 224,926 shares of Amazon.com stock in a transaction on Monday, June 30th. The shares were sold at an average price of $223.56, for a total transaction of $50,284,456.56. Following the completion of the sale, the insider directly owned 905,454,975 shares of the company's stock, valued at approximately $202,423,514,211. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,424,463 shares of company stock worth $756,747,557 over the last quarter. 9.70% of the stock is owned by company insiders.

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.