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

Greystone Financial Group LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the first quarter, Holdings Channel reports. The institutional investor owned 11,489 shares of the e-commerce giant’s stock after buying an additional 316 shares during the quarter. Greystone Financial Group LLC’s holdings in Amazon.com were worth $2,072,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Ridgecrest Wealth Partners LLC raised its stake in shares of Amazon.com by 0.7% during the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after buying an additional 56 shares in the last quarter. Stordahl Capital Management Inc. grew its position in Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after buying an additional 56 shares during the period. Echo45 Advisors LLC lifted its position in shares of Amazon.com by 0.9% during the 1st quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock valued at $1,194,000 after acquiring an additional 59 shares during the period. ShoreHaven Wealth Partners LLC boosted its stake in shares of Amazon.com by 1.9% during the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after acquiring an additional 60 shares in the last quarter. Finally, O Dell Group LLC increased its stake in Amazon.com by 0.5% in the 4th quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock valued at $2,064,000 after purchasing an additional 61 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Up 0.7 %

Shares of AMZN stock traded up $1.34 during trading hours on Monday, reaching $180.96. The company had a trading volume of 53,954,343 shares, compared to its average volume of 42,970,363. The stock’s fifty day simple moving average is $178.22 and its 200 day simple moving average is $159.32. The company has a market capitalization of $1.88 trillion, a P/E ratio of 62.40, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. As a group, sell-side analysts expect that Amazon.com, Inc. will post 4.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146 in the last quarter. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. Wells Fargo & Company upped their target price on Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Canaccord Genuity Group lifted their price objective on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. UBS Group raised their price target on Amazon.com from $198.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday. Roth Mkm restated a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a research report on Tuesday, April 16th. Finally, Bank of America lifted their price objective on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus price target of $205.13.

Amazon.com Profile

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.