Transcend Capital Advisors LLC Has $19.46 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Transcend Capital Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,256 shares of the e-commerce giant's stock after acquiring an additional 7,068 shares during the quarter. Amazon.com makes up about 1.4% of Transcend Capital Advisors LLC's investment portfolio, making the stock its 9th largest position. Transcend Capital Advisors LLC's holdings in Amazon.com were worth $19,455,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth $27,266,582,000. GAMMA Investing LLC grew its stake in shares of Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Capital World Investors grew its stake in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Vanguard Group Inc. grew its stake in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Finally, Proficio Capital Partners LLC grew its stake in shares of Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,335,232 shares of company stock worth $3,210,622,570. 9.70% of the stock is owned by corporate insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $226.13 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock's 50 day moving average price is $213.50 and its two-hundred day moving average price is $208.59. The firm has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 36.83, a P/E/G ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

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 for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Benchmark reaffirmed a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Mizuho decreased their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. JMP Securities boosted their target price on Amazon.com from $250.00 to $285.00 and gave the company a "market outperform" rating in a research note on Thursday, July 10th. Cantor Fitzgerald boosted their target price on Amazon.com from $240.00 to $260.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Truist Financial boosted their target price on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $250.35.

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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