Asset Management Resources LLC Acquires 489 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Asset Management Resources LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.5% in the fourth quarter, Holdings Channel reports. The firm owned 5,140 shares of the e-commerce giant’s stock after purchasing an additional 489 shares during the period. Asset Management Resources LLC’s holdings in Amazon.com were worth $432,000 at the end of the most recent reporting period.

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

Amazon.com Stock Performance

Shares of AMZN opened at $115.00 on Friday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $146.57. The business’s fifty day simple moving average is $105.19 and its two-hundred day simple moving average is $97.67. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.18 trillion, a price-to-earnings ratio of 273.81, a P/E/G ratio of 4.00 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. The company had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. Amazon.com’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the company earned $0.21 EPS. Research analysts anticipate that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AMZN shares. Roth Capital reiterated a “buy” rating on shares of Amazon.com in a report on Friday, February 3rd. Robert W. Baird boosted their price objective on Amazon.com from $125.00 to $130.00 in a research report on Friday, April 28th. Truist Financial boosted their price objective on Amazon.com from $142.00 to $144.00 in a research report on Wednesday, April 12th. Rosenblatt Securities boosted their price objective on Amazon.com from $106.00 to $111.00 in a research report on Friday, April 28th. Finally, Susquehanna boosted their price objective on Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Friday, February 3rd. Three analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.12.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 2,299 shares of Amazon.com stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the completion of the sale, the chief executive officer now owns 138,320 shares of the company’s stock, valued at approximately $13,879,028.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Adam Selipsky sold 2,299 shares of the firm’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total value of $230,681.66. Following the transaction, the chief executive officer now directly owns 138,320 shares in the company, valued at approximately $13,879,028.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The disclosure for this sale can be found here. Insiders have sold a total of 75,144 shares of company stock worth $8,405,887 over the last quarter. Company insiders own 12.30% of the company’s stock.

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.