Strong Tower Advisory Services Has $9.91 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Strong Tower Advisory Services reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 36.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,773 shares of the e-commerce giant’s stock after selling 31,378 shares during the quarter. Amazon.com accounts for about 4.0% of Strong Tower Advisory Services’ investment portfolio, making the stock its 5th biggest holding. Strong Tower Advisory Services’ holdings in Amazon.com were worth $9,912,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Vanguard Group Inc. grew its stake in shares of Amazon.com by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after acquiring an additional 13,134,632 shares during the period. FMR LLC grew its stake in shares of Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares during the period. Norges Bank bought a new stake in shares of Amazon.com in the fourth quarter worth approximately $17,700,551,000. Northern Trust Corp grew its stake in shares of Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after acquiring an additional 3,260,411 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after acquiring an additional 1,389,503 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMZN. JMP Securities restated a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Evercore ISI boosted their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Monness Crespi & Hardt boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Oppenheimer boosted their target price on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Rosenblatt Securities restated a “buy” rating and set a $220.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $215.74.

Amazon.com Stock Performance

AMZN stock opened at $197.85 on Friday. The firm has a market cap of $2.06 trillion, a price-to-earnings ratio of 55.42, a PEG ratio of 1.33 and a beta of 1.14. The firm has a 50-day simple moving average of $183.13 and a two-hundred day simple moving average of $172.43. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $199.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

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

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the transaction, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,338 shares of company stock valued at $11,894,344. 10.80% of the stock is currently owned by insiders.

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.