Southland Equity Partners LLC Has $2.27 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Southland Equity Partners LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% during the first quarter, HoldingsChannel.com reports. The firm owned 12,591 shares of the e-commerce giant’s stock after purchasing an additional 610 shares during the period. Southland Equity Partners LLC’s holdings in Amazon.com were worth $2,271,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cooksen Wealth LLC acquired a new position in Amazon.com during the 4th quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC bought a new stake in Amazon.com in the fourth quarter valued at approximately $43,000. Clarity Asset Management Inc. acquired a new stake in Amazon.com during the 4th quarter valued at approximately $46,000. Finally, Steph & Co. acquired a new stake in Amazon.com during the 1st quarter valued at approximately $65,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 3.9 %

Shares of Amazon.com stock opened at $193.61 on Thursday. The firm has a market cap of $2.01 trillion, a PE ratio of 54.23, a P/E/G ratio of 1.33 and a beta of 1.14. The stock has a fifty day moving average price of $182.88 and a 200-day moving average price of $172.28. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $194.80.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same period in the prior year, the company earned $0.31 earnings per share. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the sale, the director now directly owns 104,400 shares in the company, valued at approximately $19,836,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jonathan Rubinstein sold 5,264 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the sale, the director now directly owns 104,400 shares in the company, valued at approximately $19,836,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders sold 65,338 shares of company stock worth $11,894,344 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AMZN shares. UBS Group upped their price objective on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Argus increased their price target on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Roth Mkm reissued a “buy” rating and issued a $210.00 price objective (up from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. DA Davidson restated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, April 18th. Finally, Mizuho lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $215.74.

View Our Latest Analysis on AMZN

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

Recommended Stories

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNFree Report).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.