Madison Park Capital Advisors LLC Purchases 2,586 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Madison Park Capital Advisors LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 32.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,607 shares of the e-commerce giant's stock after purchasing an additional 2,586 shares during the quarter. Amazon.com comprises about 1.8% of Madison Park Capital Advisors LLC's holdings, making the stock its 18th largest holding. Madison Park Capital Advisors LLC's holdings in Amazon.com were worth $2,018,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Paragon Capital Management Inc. purchased a new stake in shares of Amazon.com during the first quarter worth $1,055,000. Canvas Wealth Advisors LLC grew its stake in shares of Amazon.com by 14.0% during the first quarter. Canvas Wealth Advisors LLC now owns 73,455 shares of the e-commerce giant's stock worth $12,721,000 after purchasing an additional 9,038 shares in the last quarter. Bartlett & CO. Wealth Management LLC grew its stake in shares of Amazon.com by 6.2% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 853,324 shares of the e-commerce giant's stock worth $162,353,000 after purchasing an additional 49,798 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Amazon.com by 1.3% during the first quarter. Illinois Municipal Retirement Fund now owns 661,100 shares of the e-commerce giant's stock worth $125,781,000 after purchasing an additional 8,710 shares in the last quarter. Finally, Scott & Selber Inc. grew its stake in shares of Amazon.com by 0.7% during the first quarter. Scott & Selber Inc. now owns 60,682 shares of the e-commerce giant's stock worth $11,545,000 after purchasing an additional 436 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,335,232 shares of company stock worth $3,210,622,570. 10.80% of the stock is owned by corporate insiders.

Amazon.com Trading Down 0.8%

NASDAQ:AMZN traded down $1.83 during trading hours on Tuesday, hitting $227.47. The stock had a trading volume of 34,014,567 shares, compared to its average volume of 41,950,242. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. 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 company has a market cap of $2.41 trillion, a price-to-earnings ratio of 37.05, a P/E/G ratio of 1.69 and a beta of 1.33. The business's 50 day moving average is $213.50 and its 200-day moving average is $208.51.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The company 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%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Piper Sandler set a $250.00 price objective on shares of Amazon.com and gave the company an "overweight" rating in a research note on Friday, July 11th. Mizuho cut their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Bank of America upped their price target on Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Wells Fargo & Company upped their target price on Amazon.com from $201.00 to $238.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $253.98.

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.