Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Good Life Advisors LLC

Good Life Advisors LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,797 shares of the e-commerce giant's stock after acquiring an additional 1,738 shares during the quarter. Amazon.com accounts for about 1.2% of Good Life Advisors LLC's investment portfolio, making the stock its 17th largest holding. Good Life Advisors LLC's holdings in Amazon.com were worth $16,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Tallon Kerry Patrick bought a new position in shares of Amazon.com in the 4th quarter worth about $800,000. Capital & Planning LLC grew its holdings in Amazon.com by 72.1% in the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after purchasing an additional 1,635 shares during the period. LaFleur & Godfrey LLC grew its holdings in Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after purchasing an additional 860 shares during the period. Brighton Jones LLC increased its stake in shares of 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 valued at $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $301,650,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the sale, the senior vice president owned 47,030 shares in the company, valued at $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the transaction, the chief financial officer owned 49,000 shares in the company, valued at $9,876,930. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,424,463 shares of company stock valued at $756,747,557 over the last quarter. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AMZN shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Piper Sandler reiterated an "overweight" rating and issued a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Telsey Advisory Group reissued an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Bank of America lifted their target price on shares of Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Finally, Barclays reduced their price target on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $246.23.

Amazon.com Trading Down 0.2%

Shares of AMZN traded down $0.54 during midday trading on Wednesday, hitting $219.92. The stock had a trading volume of 30,814,701 shares, compared to its average volume of 42,036,639. The stock's 50 day moving average is $204.25 and its 200 day moving average is $208.75. The firm has a market cap of $2.33 trillion, a PE ratio of 35.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33. 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, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

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 analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the company posted $0.98 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS 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.