Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,570 shares of the e-commerce giant’s stock after acquiring an additional 117 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Amazon.com were worth $1,907,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in AMZN. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. grew its position 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 acquiring an additional 86 shares during the last quarter. Strid Group LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $43,000. Clarity Asset Management Inc. purchased a new stake in Amazon.com in the 4th quarter valued at $46,000. Finally, Steph & Co. acquired a new stake in Amazon.com during the 1st quarter worth $65,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares in the company, valued at $23,688,228. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,838 shares of company stock valued at $11,261,789. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $193.25 on Monday. The stock has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 54.13, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $199.84. The stock’s fifty day simple moving average is $183.87 and its 200-day simple moving average is $173.28.

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. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the company earned $0.31 EPS. Equities research analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Roth Mkm restated a “buy” rating and issued a $210.00 price target (up previously from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. Telsey Advisory Group lifted their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group raised their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Stifel Nicolaus increased their price target on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of “Buy” and a consensus target price of $215.86.

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.