Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Grandview Asset Management LLC

Grandview Asset Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,352 shares of the e-commerce giant’s stock after acquiring an additional 686 shares during the quarter. Amazon.com comprises approximately 2.3% of Grandview Asset Management LLC’s portfolio, making the stock its 8th biggest position. Grandview Asset Management LLC’s holdings in Amazon.com were worth $5,114,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $43,000. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $46,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $57,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent research reports. BMO Capital Markets increased their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Raymond James increased their price objective on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group increased their price objective on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Loop Capital increased their price objective on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Argus increased their price objective on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $215.37.

Amazon.com Stock Up 1.6 %

Shares of NASDAQ:AMZN opened at $189.08 on Friday. The stock’s 50-day moving average price is $182.78 and its two-hundred day moving average price is $171.54. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $191.70. The firm has a market cap of $1.97 trillion, a price-to-earnings ratio of 52.96, a PEG ratio of 1.33 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period last year, the company earned $0.31 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,338 shares of company stock valued at $11,894,344. Insiders own 10.80% 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.