Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baker Tilly Wealth Management LLC grew its stake in Amazon.com by 1.6% in the first quarter. Baker Tilly Wealth Management LLC now owns 27,363 shares of the e-commerce giant’s stock worth $5,206,000 after purchasing an additional 433 shares during the period. Future Financial Wealth Managment LLC grew its stake in Amazon.com by 9.9% in the first quarter. Future Financial Wealth Managment LLC now owns 6,711 shares of the e-commerce giant’s stock worth $1,277,000 after purchasing an additional 607 shares during the period. Mid American Wealth Advisory Group Inc. grew its stake in Amazon.com by 35.2% in the first quarter. Mid American Wealth Advisory Group Inc. now owns 3,012 shares of the e-commerce giant’s stock worth $573,000 after purchasing an additional 784 shares during the period. Ervin Investment Management LLC boosted its holdings in Amazon.com by 15.3% in the first quarter. Ervin Investment Management LLC now owns 2,942 shares of the e-commerce giant’s stock worth $560,000 after acquiring an additional 391 shares in the last quarter. Finally, Douglas Lane & Associates LLC boosted its holdings in Amazon.com by 3.0% in the first quarter. Douglas Lane & Associates LLC now owns 256,649 shares of the e-commerce giant’s stock worth $48,830,000 after acquiring an additional 7,374 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Shares of AMZN opened at $212.10 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $195.47 and a two-hundred day simple moving average of $209.16. The stock has a market cap of $2.25 trillion, a price-to-earnings ratio of 38.35, a PEG ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer now owns 2,148,694 shares of the company’s stock, valued at $432,532,102.20. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 over the last quarter. 9.70% of the stock is currently owned by corporate insiders.

AMZN has been the topic of several analyst reports. Truist Financial dropped their target price on Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Stifel Nicolaus dropped their target price on Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company dropped their target price on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Wall Street Zen downgraded Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Finally, The Goldman Sachs Group dropped their target price on Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $244.89.

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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.

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