Greystone Financial Group LLC Acquires 316 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Greystone Financial Group LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,489 shares of the e-commerce giant’s stock after purchasing an additional 316 shares during the quarter. Greystone Financial Group LLC’s holdings in Amazon.com were worth $2,072,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Cooksen Wealth LLC bought a new stake in Amazon.com during the fourth quarter worth about $30,000. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Amazon.com by 45.0% during the 4th 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 in the last quarter. Strid Group LLC bought a new position in Amazon.com in the fourth quarter valued at approximately $43,000. Finally, Clarity Asset Management Inc. acquired a new position in Amazon.com during the fourth quarter valued at approximately $46,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.7 %

Shares of NASDAQ:AMZN traded up $1.34 during trading on Monday, reaching $180.96. 53,954,343 shares of the stock were exchanged, compared to its average volume of 42,970,363. Amazon.com, Inc. has a 1-year low of $101.15 and a 1-year high of $189.77. The stock has a fifty day moving average of $178.22 and a two-hundred day moving average of $159.32. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a market cap of $1.88 trillion, a price-to-earnings ratio of 62.40, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 4.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. Monness Crespi & Hardt lifted their price target on Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus boosted their target price on Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. JMP Securities restated a “market outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, April 24th. Raymond James upped their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Finally, Roth Mkm reissued a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a report on Tuesday, April 16th. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $205.13.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred 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 transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the transaction, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 over the last ninety days. 10.80% of the stock is currently owned by insiders.

About Amazon.com

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.