Long Run Wealth Advisors LLC Acquires 3,810 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Long Run Wealth Advisors LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.1% in the 1st quarter, HoldingsChannel reports. The firm owned 20,284 shares of the e-commerce giant’s stock after acquiring an additional 3,810 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in Amazon.com were worth $3,859,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the 4th quarter valued at approximately $25,000. Accordant Advisory Group Inc raised its holdings in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management bought a new position in Amazon.com during the 4th quarter worth approximately $35,000. Finally, Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.9%

Shares of Amazon.com stock opened at $216.10 on Tuesday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock’s 50-day simple moving average is $196.38 and its 200 day simple moving average is $209.26. The stock has a market capitalization of $2.29 trillion, a P/E ratio of 39.08, 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 quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the previous year, the business posted $0.98 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AMZN shares. Scotiabank lowered their price target on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday, April 21st. The Goldman Sachs Group lowered their price target on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Needham & Company LLC restated a “buy” rating and set a $220.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Mizuho lowered their price target on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Tigress Financial raised their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $244.89.

Insider Activity at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares of the company’s stock, valued at $1,151,366.20. The trade was a 15.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the transaction, the chief executive officer now directly owns 517,050 shares of the company’s stock, valued at $105,984,909. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,037 shares of company stock worth $20,531,075. Company insiders own 9.70% of the company’s stock.

Amazon.com 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.