Greystone Financial Group LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Greystone Financial Group LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 228.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 528 shares of the e-commerce giant’s stock after acquiring an additional 367 shares during the quarter. Greystone Financial Group LLC’s holdings in Amazon.com were worth $1,721,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. State Street Corp increased its position in shares of Amazon.com by 4.3% during the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after acquiring an additional 698,970 shares during the period. Geode Capital Management LLC boosted its stake in shares of Amazon.com by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant’s stock valued at $23,917,115,000 after purchasing an additional 195,716 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Amazon.com by 14.1% during the fourth quarter. Capital Research Global Investors now owns 4,574,546 shares of the e-commerce giant’s stock valued at $15,253,179,000 after purchasing an additional 564,699 shares in the last quarter. Norges Bank bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $14,053,756,000. Finally, Castleview Partners LLC bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $1,143,000. 72.51% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

AMZN opened at $142.57 on Friday. The firm has a market capitalization of $1.45 trillion, a PE ratio of 127.81, a PEG ratio of 6.11 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $101.26 and a twelve month high of $188.11. The firm’s 50-day moving average price is $116.58 and its 200 day moving average price is $134.61. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The business had revenue of $121.23 billion for the quarter, compared to analyst estimates of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. As a group, sell-side analysts expect that Amazon.com, Inc. will post 0.97 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent research reports. JMP Securities increased their price objective on shares of Amazon.com from $172.50 to $180.00 and gave the company a “market outperform” rating in a research note on Friday, July 29th. BMO Capital Markets dropped their price objective on shares of Amazon.com from $182.50 to $172.50 in a research note on Friday, April 29th. Cowen dropped their price objective on shares of Amazon.com from $215.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, July 14th. Barclays raised their target price on shares of Amazon.com from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Finally, DA Davidson lowered their target price on shares of Amazon.com from $195.00 to $156.25 in a research note on Friday, April 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $178.11.

Insider Buying and Selling

In other Amazon.com 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 transaction, the chief executive officer now directly owns 6,695 shares in the company, valued at approximately $14,522,927.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com 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 transaction, the chief executive officer now directly owns 6,695 shares in the company, valued at approximately $14,522,927.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 173 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 transaction of $375,275.06. Following the completion of the transaction, the vice president now owns 5,989 shares in the company, valued at $12,991,458.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,803 shares of company stock worth $10,528,337. 12.70% of the stock is owned by insiders.

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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