Myecfo LLC Has $2.39 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Myecfo LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 12,541 shares of the e-commerce giant’s stock after buying an additional 185 shares during the period. Amazon.com makes up 1.3% of Myecfo LLC’s investment portfolio, making the stock its 16th biggest position. Myecfo LLC’s holdings in Amazon.com were worth $2,386,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Marion Wealth Management raised its holdings in shares of Amazon.com by 9.4% during the 1st quarter. Marion Wealth Management now owns 15,419 shares of the e-commerce giant’s stock worth $2,934,000 after buying an additional 1,323 shares in the last quarter. J2 Capital Management Inc grew its position in Amazon.com by 4.5% in the first quarter. J2 Capital Management Inc now owns 5,313 shares of the e-commerce giant’s stock valued at $1,011,000 after acquiring an additional 229 shares during the last quarter. Catalyst Private Wealth LLC raised its stake in Amazon.com by 2.7% during the first quarter. Catalyst Private Wealth LLC now owns 8,080 shares of the e-commerce giant’s stock worth $1,537,000 after acquiring an additional 215 shares in the last quarter. Meyer Handelman Co. raised its stake in Amazon.com by 0.4% during the first quarter. Meyer Handelman Co. now owns 327,403 shares of the e-commerce giant’s stock worth $62,292,000 after acquiring an additional 1,394 shares in the last quarter. Finally, First Community Trust NA lifted its holdings in shares of Amazon.com by 0.8% in the first quarter. First Community Trust NA now owns 11,948 shares of the e-commerce giant’s stock worth $2,273,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 2.0%

NASDAQ AMZN opened at $213.20 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $193.88 and a 200 day simple moving average of $209.05. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market capitalization of $2.26 trillion, a P/E ratio of 38.55, a PEG ratio of 1.50 and a beta of 1.33.

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, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the firm earned $0.98 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research reports. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. BNP Paribas raised Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Raymond James restated an “outperform” rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Loop Capital lifted their price target on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Wedbush restated an “outperform” rating and set a $235.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Four investment 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 currently has an average rating of “Moderate Buy” and an average target price of $244.89.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were 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 owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Matthew S. Garman sold 20,923 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,037 shares of company stock worth $20,531,075. Insiders own 9.70% of the company’s stock.

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.