CPA Asset Management LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,300 shares of the e-commerce giant’s stock, valued at approximately $238,000.
A number of other large investors have also added to or reduced their stakes in AMZN. McElhenny Sheffield Capital Management LLC bought a new position in Amazon.com in the 4th quarter valued at approximately $27,000. St. James Investment Advisors LLC raised its holdings in Amazon.com by 97.7% in the 4th quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock valued at $29,000 after buying an additional 170 shares during the last quarter. Retirement Financial Solutions LLC bought a new position in Amazon.com in the 4th quarter valued at approximately $32,000. Laurel Wealth Planning LLC raised its holdings in Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. bought a new position in Amazon.com in the 4th quarter valued at approximately $37,000. Institutional investors own 56.67% of the company’s stock.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $130.93, for a total transaction of $523,720.00. Following the completion of the transaction, the chief executive officer now owns 564,301 shares of the company’s stock, valued at approximately $73,883,929.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $130.93, for a total value of $523,720.00. Following the transaction, the chief executive officer now directly owns 564,301 shares of the company’s stock, valued at approximately $73,883,929.93. The disclosure for this sale can be found here. Insiders sold 73,845 shares of company stock valued at $8,536,085 in the last quarter. 12.70% of the stock is currently owned by corporate insiders.
Amazon.com Trading Up 1.6 %
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The business had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same period in the previous year, the business posted $0.21 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts anticipate that Amazon.com, Inc. will post 1.56 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on AMZN shares. Sanford C. Bernstein raised their price target on shares of Amazon.com from $125.00 to $140.00 in a report on Wednesday, May 31st. Credit Suisse Group lowered their price target on shares of Amazon.com from $150.00 to $140.00 in a report on Tuesday, April 25th. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. Telsey Advisory Group raised their price target on shares of Amazon.com from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Needham & Company LLC raised their price target on shares of Amazon.com from $120.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, June 28th. Three equities research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.93.
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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