Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by AdvisorNet Financial Inc

AdvisorNet Financial Inc lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,154 shares of the e-commerce giant’s stock after purchasing an additional 2,119 shares during the quarter. AdvisorNet Financial Inc’s holdings in Amazon.com were worth $7,449,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Cable Hill Partners LLC lifted its holdings in Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock worth $2,104,000 after buying an additional 44 shares during the last quarter. Quattro Financial Advisors LLC lifted its holdings in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares during the last quarter. Northern Capital Management Inc. lifted its holdings in shares of Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after purchasing an additional 45 shares during the last quarter. White Wing Wealth Management lifted its holdings in shares of Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after purchasing an additional 47 shares during the last quarter. Finally, Balanced Wealth Group LLC lifted its holdings in shares of Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AMZN shares. Royal Bank of Canada reduced their target price on Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. BNP Paribas raised Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Piper Sandler reissued an “overweight” rating and issued a $212.00 target price (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Benchmark reissued a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Finally, JMP Securities reissued a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $244.89.

Amazon.com Stock Performance

AMZN opened at $217.61 on Wednesday. The stock has a market cap of $2.31 trillion, a P/E ratio of 39.35, a P/E/G ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock’s 50 day simple moving average is $193.04 and its 200 day simple moving average is $209.02. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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 business had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49% 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 worth $20,531,075. 9.70% of the stock is owned by insiders.

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.