Long Run Wealth Advisors LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Long Run Wealth Advisors LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 23.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,284 shares of the e-commerce giant's stock after acquiring an additional 3,810 shares during the quarter. Long Run Wealth Advisors LLC's holdings in Amazon.com were worth $3,859,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. TruWealth Advisors LLC increased its stake in shares of Amazon.com by 0.6% during the 1st quarter. TruWealth Advisors LLC now owns 177,481 shares of the e-commerce giant's stock worth $33,768,000 after purchasing an additional 1,126 shares during the last quarter. Veracity Capital LLC grew its stake in Amazon.com by 0.3% in the 1st quarter. Veracity Capital LLC now owns 21,493 shares of the e-commerce giant's stock valued at $4,089,000 after buying an additional 63 shares during the last quarter. Sendero Wealth Management LLC grew its stake in Amazon.com by 13.7% in the 1st quarter. Sendero Wealth Management LLC now owns 103,552 shares of the e-commerce giant's stock valued at $19,702,000 after buying an additional 12,445 shares during the last quarter. Freedom Financial Partners LLC grew its stake in Amazon.com by 3.5% in the 1st quarter. Freedom Financial Partners LLC now owns 7,239 shares of the e-commerce giant's stock valued at $1,377,000 after buying an additional 244 shares during the last quarter. Finally, Benin Management CORP grew its stake in Amazon.com by 0.7% in the 1st quarter. Benin Management CORP now owns 29,760 shares of the e-commerce giant's stock valued at $5,662,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. BNP Paribas raised shares of Amazon.com to a "hold" rating in a report on Wednesday, April 30th. DA Davidson reduced their price objective on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a report on Monday, April 14th. Jefferies Financial Group reduced their price objective on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Bank of America raised their price objective 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, Rosenblatt Securities increased their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.89.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the sale, the chief executive officer now owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 506,974 shares in the company, valued at $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,037 shares of company stock worth $20,531,075. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $2.30 during trading on Wednesday, reaching $212.52. The company's stock had a trading volume of 44,246,577 shares, compared to its average volume of 42,160,574. The business's 50-day moving average price is $196.86 and its 200-day moving average price is $209.30. The firm has a market cap of $2.26 trillion, a PE ratio of 35.16, a P/E/G ratio of 1.63 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week 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 earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the previous year, the business posted $0.98 earnings per share. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.