Laurel Wealth Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,889 shares of the e-commerce giant's stock after buying an additional 1,515 shares during the period. Amazon.com comprises about 1.6% of Laurel Wealth Advisors LLC's holdings, making the stock its 15th largest position. Laurel Wealth Advisors LLC's holdings in Amazon.com were worth $10,443,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. FMR LLC grew its holdings in shares of Amazon.com by 0.5% in 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 position 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in 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 worth $40,107,544,000 after acquiring an additional 4,087,933 shares during the period. Finally, Norges Bank purchased a new position in Amazon.com in the fourth quarter worth $27,266,582,000. Institutional investors own 72.20% of the company's stock.
Amazon.com Price Performance
Shares of NASDAQ:AMZN traded down $3.91 during trading on Monday, reaching $219.39. The company had a trading volume of 58,777,531 shares, compared to its average volume of 42,089,294. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a fifty day moving average of $203.30 and a two-hundred day moving average of $208.67. The stock has a market capitalization of $2.33 trillion, a P/E ratio of 35.73, a price-to-earnings-growth ratio of 1.68 and a beta of 1.34. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on AMZN. 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. Morgan Stanley reduced their price target on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Oppenheimer boosted their target price on shares of Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Finally, Royal Bank Of Canada decreased their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note 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 given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.81.
Check Out Our Latest Stock Report on AMZN
Insider Transactions at Amazon.com
In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the sale, the chief executive officer owned 2,148,694 shares of the company's stock, valued at $432,532,102.20. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction 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. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,037 shares of company stock valued at $20,531,075. 10.80% of the stock is currently owned by corporate insiders.
About Amazon.com
(
Free Report)
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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