Client 1ST Advisory Group LLC Acquires 632 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Client 1ST Advisory Group LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,452 shares of the e-commerce giant’s stock after purchasing an additional 632 shares during the period. Client 1ST Advisory Group LLC’s holdings in Amazon.com were worth $390,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bridgefront Capital LLC purchased a new stake in Amazon.com during the 1st quarter valued at $228,000. Krane Funds Advisors LLC boosted its position in Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares during the period. Range Financial Group LLC purchased a new stake in Amazon.com during the 1st quarter valued at $258,000. My Personal CFO LLC purchased a new stake in Amazon.com during the 1st quarter valued at $261,000. Finally, Worth Asset Management LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth about $191,000. Institutional investors own 57.64% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 23,874 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the transaction, the chief executive officer now directly owns 1,964,506 shares in the company, valued at approximately $194,780,769.90. The disclosure for this sale can be found here. Insiders have sold 71,394 shares of company stock valued at $6,994,626 over the last 90 days. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $100.04 on Friday. The firm has a 50 day moving average of $96.75 and a 200 day moving average of $101.94. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1.03 trillion, a price-to-earnings ratio of -373.27, a price-to-earnings-growth ratio of 3.81 and a beta of 1.25. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share 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 firm had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. During the same period in the prior year, the firm earned $1.39 EPS. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of several research analyst reports. Evercore ISI raised their target price on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Barclays raised their target price on shares of Amazon.com from $130.00 to $150.00 in a research report on Friday, February 3rd. Erste Group Bank cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Friday, November 18th. The Goldman Sachs Group lowered their price target on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, January 13th. Finally, Truist Financial lowered their price target on shares of Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $144.72.

Amazon.com Profile

(Get Rating)

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.