Grand Central Investment Group Buys 180 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Grand Central Investment Group raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% during the third quarter, HoldingsChannel reports. The fund owned 2,800 shares of the e-commerce giant’s stock after acquiring an additional 180 shares during the quarter. Amazon.com accounts for approximately 0.4% of Grand Central Investment Group’s investment portfolio, making the stock its 27th largest holding. Grand Central Investment Group’s holdings in Amazon.com were worth $316,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. Meridian Investment Counsel Inc. boosted its position in shares of Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after buying an additional 5 shares during the period. Alterna Wealth Management Inc. grew its position in Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares during the last quarter. Fiduciary Planning LLC increased its stake in Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares during the period. HBC Financial Services PLLC lifted its position in shares of Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after purchasing an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners boosted its stake in shares of Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after purchasing an additional 6 shares during the period. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the transaction, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 23,874 shares of Amazon.com stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the transaction, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 5,100 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,394 shares of company stock valued at $6,619,426. Company insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Moffett Nathanson initiated coverage on shares of Amazon.com in a research note on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 price target on the stock. Piper Sandler lifted their price target on shares of Amazon.com from $119.00 to $123.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Telsey Advisory Group dropped their price objective on Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 24th. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 target price on shares of Amazon.com in a research report on Friday, February 3rd. Finally, Wedbush lowered their target price on Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.87.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $92.17 on Thursday. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83. The business’s 50 day moving average price is $94.57 and its 200 day moving average price is $105.06. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The firm has a market cap of $944.49 billion, a P/E ratio of -343.91, a P/E/G ratio of 3.87 and a beta of 1.22.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.