Zeno Research LLC Purchases 642 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Zeno Research LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 60.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,698 shares of the e-commerce giant’s stock after acquiring an additional 642 shares during the quarter. Amazon.com accounts for about 4.8% of Zeno Research LLC’s holdings, making the stock its 8th biggest holding. Zeno Research LLC’s holdings in Amazon.com were worth $5,535,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. McDonald Partners LLC raised its holdings in Amazon.com by 18,457.1% during the first quarter. McDonald Partners LLC now owns 1,299 shares of the e-commerce giant’s stock worth $4,235,000 after purchasing an additional 1,292 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Amazon.com by 11.1% during the first quarter. Park Avenue Securities LLC now owns 9,274 shares of the e-commerce giant’s stock worth $30,233,000 after purchasing an additional 926 shares in the last quarter. BKA Wealth Consulting Inc. acquired a new stake in Amazon.com during the first quarter worth approximately $831,000. FourThought Financial LLC raised its holdings in Amazon.com by 30.9% during the first quarter. FourThought Financial LLC now owns 2,891 shares of the e-commerce giant’s stock worth $9,451,000 after purchasing an additional 683 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd raised its holdings in Amazon.com by 29.3% during the first quarter. Alphinity Investment Management Pty Ltd now owns 59,758 shares of the e-commerce giant’s stock worth $194,808,000 after purchasing an additional 13,525 shares in the last quarter. Institutional investors and hedge funds own 72.51% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO David H. Clark sold 2,270 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the transaction, the chief executive officer now owns 6,695 shares of the company’s stock, valued at approximately $14,522,927.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Andrew R. Jassy sold 1,181 shares of the business’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the completion of the transaction, the chief executive officer now owns 92,781 shares of the company’s stock, valued at approximately $209,870,622. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David H. Clark sold 2,270 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the transaction, the chief executive officer now directly owns 6,695 shares of the company’s stock, valued at approximately $14,522,927.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,803 shares of company stock valued at $10,528,337. 12.70% of the stock is owned by insiders.

Amazon.com Trading Up 0.3 %

NASDAQ:AMZN opened at $135.39 on Tuesday. The company has a market capitalization of $1.38 trillion, a PE ratio of 121.37, a price-to-earnings-growth ratio of 5.15 and a beta of 1.33. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a 52-week low of $101.26 and a 52-week high of $188.11. The stock has a fifty day simple moving average of $114.69 and a 200-day simple moving average of $134.71.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The firm had revenue of $121.23 billion during the quarter, compared to analyst estimates of $119.16 billion. During the same period in the previous year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMZN. Piper Sandler raised their price objective on shares of Amazon.com from $170.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday. Truist Financial reaffirmed a “buy” rating and issued a $175.00 target price on shares of Amazon.com in a report on Friday, June 17th. Royal Bank of Canada cut their target price on shares of Amazon.com from $194.00 to $175.00 in a report on Friday, April 29th. Rosenblatt Securities lifted their target price on shares of Amazon.com to $118.00 and gave the company a “neutral” rating in a report on Friday. Finally, Redburn Partners started coverage on shares of Amazon.com in a report on Wednesday, June 29th. They issued a “buy” rating and a $270.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and thirty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.45.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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