Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by ELCO Management Co. LLC

ELCO Management Co. LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,595 shares of the e-commerce giant’s stock after buying an additional 501 shares during the period. Amazon.com comprises about 3.6% of ELCO Management Co. LLC’s portfolio, making the stock its 6th largest holding. ELCO Management Co. LLC’s holdings in Amazon.com were worth $6,106,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AMZN. High Net Worth Advisory Group LLC raised its stake in Amazon.com by 9.8% in the 1st quarter. High Net Worth Advisory Group LLC now owns 26,956 shares of the e-commerce giant’s stock valued at $4,862,000 after purchasing an additional 2,417 shares during the last quarter. Purus Wealth Management LLC grew its holdings in shares of Amazon.com by 5.8% during the first quarter. Purus Wealth Management LLC now owns 46,724 shares of the e-commerce giant’s stock worth $8,428,000 after buying an additional 2,563 shares in the last quarter. Anderson Hoagland & Co. raised its position in shares of Amazon.com by 8.9% in the first quarter. Anderson Hoagland & Co. now owns 198,827 shares of the e-commerce giant’s stock valued at $36,966,000 after buying an additional 16,314 shares during the last quarter. Cherrydale Wealth Management LLC lifted its stake in shares of Amazon.com by 20.3% in the first quarter. Cherrydale Wealth Management LLC now owns 6,327 shares of the e-commerce giant’s stock worth $1,141,000 after buying an additional 1,067 shares in the last quarter. Finally, Westend Capital Management LLC acquired a new position in Amazon.com during the first quarter worth about $8,918,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMZN shares. DA Davidson reissued a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. TD Securities boosted their price objective on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Rosenblatt Securities raised their target price on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Truist Financial lifted their price target on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Scotiabank initiated coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “sector outperform” rating and a $245.00 price objective for the company. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the sale, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,355 shares of company stock valued at $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $186.38 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm’s fifty day simple moving average is $183.11 and its 200-day simple moving average is $183.54. The firm has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.21, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Equities analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

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.