Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lifted by Archford Capital Strategies LLC

Archford Capital Strategies LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,786 shares of the e-commerce giant’s stock after purchasing an additional 999 shares during the quarter. Amazon.com accounts for approximately 1.2% of Archford Capital Strategies LLC’s holdings, making the stock its 17th largest position. Archford Capital Strategies LLC’s holdings in Amazon.com were worth $7,357,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Members Trust Co boosted its stake in Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after buying an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC boosted its stake in Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after buying an additional 675 shares in the last quarter. Tompkins Financial Corp boosted its stake in Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after buying an additional 2,273 shares in the last quarter. Nicholas Company Inc. boosted its stake in Amazon.com by 3.9% during the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after buying an additional 26,465 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Amazon.com by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after buying an additional 277,631 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AMZN shares. Sanford C. Bernstein raised their target price on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Raymond James upped their target price on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. Piper Sandler upped their target price on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Maxim Group reduced their target price on Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average target price of $211.62.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction on Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the transaction, the chief executive officer now owns 1,994,182 shares in the company, valued at approximately $358,952,760. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction on Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the transaction, the chief executive officer now owns 1,994,182 shares in the company, valued at approximately $358,952,760. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 5,556 shares of Amazon.com stock in a transaction on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $1,000,080.00. Following the completion of the transaction, the director now owns 109,664 shares of the company’s stock, valued at approximately $19,739,520. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,894 shares of company stock worth $21,363,909. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $0.30 during midday trading on Friday, hitting $180.75. 27,471,640 shares of the company were exchanged, compared to its average volume of 45,370,076. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The firm has a market cap of $1.88 trillion, a P/E ratio of 50.63, a PEG ratio of 1.30 and a beta of 1.15. Amazon.com, Inc. has a 52 week low of $114.31 and a 52 week high of $191.70. The firm has a 50 day simple moving average of $182.04 and a 200-day simple moving average of $166.22.

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

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.