Goldstone Financial Group LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Goldstone Financial Group LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,235 shares of the e-commerce giant's stock after buying an additional 1,720 shares during the quarter. Goldstone Financial Group LLC's holdings in Amazon.com were worth $3,089,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. New England Research & Management Inc. raised its stake in Amazon.com by 13.5% in the first quarter. New England Research & Management Inc. now owns 22,763 shares of the e-commerce giant's stock valued at $4,331,000 after buying an additional 2,699 shares during the last quarter. Kelly Financial Group LLC raised its stake in Amazon.com by 30.4% in the first quarter. Kelly Financial Group LLC now owns 6,572 shares of the e-commerce giant's stock valued at $1,251,000 after buying an additional 1,532 shares during the last quarter. CVA Family Office LLC raised its stake in shares of Amazon.com by 3.2% in the first quarter. CVA Family Office LLC now owns 25,587 shares of the e-commerce giant's stock worth $4,868,000 after purchasing an additional 802 shares during the last quarter. Powers Advisory Group LLC raised its stake in shares of Amazon.com by 2.1% in the first quarter. Powers Advisory Group LLC now owns 5,600 shares of the e-commerce giant's stock worth $1,065,000 after purchasing an additional 113 shares during the last quarter. Finally, Krilogy Financial LLC raised its stake in shares of Amazon.com by 2.3% in the first quarter. Krilogy Financial LLC now owns 116,396 shares of the e-commerce giant's stock worth $22,146,000 after purchasing an additional 2,667 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Amazon.com news, 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. The trade was a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the sale, the chief executive officer now owns 506,974 shares in the company, valued at $96,664,732.58. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,037 shares of company stock worth $20,531,075. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $223.30 on Monday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.37, a PEG ratio of 1.68 and a beta of 1.34. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The business's 50 day moving average price is $202.26 and its 200 day moving average price is $208.72.

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, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AMZN shares. Needham & Company LLC restated a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Bank of America raised their target price on Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Scotiabank dropped their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Cantor Fitzgerald raised their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $245.81.

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.

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