Amazon.com, Inc. (NASDAQ:AMZN) Holdings Boosted by Iron Gate Global Advisors LLC

Iron Gate Global Advisors LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,235 shares of the e-commerce giant's stock after buying an additional 4,091 shares during the period. Amazon.com makes up approximately 10.2% of Iron Gate Global Advisors LLC's portfolio, making the stock its 3rd biggest position. Iron Gate Global Advisors LLC's holdings in Amazon.com were worth $72,468,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rather & Kittrell Inc. boosted its stake in Amazon.com by 43.2% during the 4th quarter. Rather & Kittrell Inc. now owns 2,356 shares of the e-commerce giant's stock valued at $517,000 after purchasing an additional 711 shares during the last quarter. Finer Wealth Management Inc. boosted its position in shares of Amazon.com by 1.4% during the fourth quarter. Finer Wealth Management Inc. now owns 44,289 shares of the e-commerce giant's stock valued at $9,716,000 after buying an additional 610 shares during the last quarter. Lifelong Wealth Advisors Inc. bought a new stake in Amazon.com during the fourth quarter worth $288,000. Evergreen Capital Management LLC raised its position in Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after buying an additional 1,198 shares during the last quarter. Finally, Acorns Advisers LLC lifted its stake in Amazon.com by 14.0% during the 4th quarter. Acorns Advisers LLC now owns 20,593 shares of the e-commerce giant's stock valued at $4,518,000 after acquiring an additional 2,534 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,798 shares of company stock valued at $17,486,053 over the last 90 days. Corporate insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AMZN shares. Piper Sandler reiterated an "overweight" rating and issued a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Cantor Fitzgerald upped their target price on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Benchmark reiterated a "buy" rating and set a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. The Goldman Sachs Group reduced their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Maxim Group lifted their target price on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Trading Down 0.5%

Shares of AMZN traded down $1.12 during mid-day trading on Wednesday, reaching $210.25. The company's stock had a trading volume of 38,323,768 shares, compared to its average volume of 41,966,896. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company's fifty day moving average price is $188.72 and its two-hundred day moving average price is $208.27. The stock has a market cap of $2.23 trillion, a PE ratio of 38.02, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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 firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 EPS. On average, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.