Emerald Advisors LLC Has $4.61 Million Stock Holdings in Amazon.com, Inc. $AMZN

Emerald Advisors LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,952 shares of the e-commerce giant’s stock after purchasing an additional 1,973 shares during the period. Amazon.com makes up approximately 0.6% of Emerald Advisors LLC’s portfolio, making the stock its 12th biggest holding. Emerald Advisors LLC’s holdings in Amazon.com were worth $4,605,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AMZN. American Capital Advisory LLC grew its holdings in Amazon.com by 63.9% during the third quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant’s stock worth $1,774,000 after buying an additional 3,152 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in Amazon.com during the third quarter worth $451,642,000. Weaver Capital Management LLC grew its holdings in Amazon.com by 13.6% during the fourth quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant’s stock worth $9,063,000 after buying an additional 4,713 shares in the last quarter. Ethos Financial Group LLC grew its holdings in Amazon.com by 9.6% during the fourth quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant’s stock worth $8,421,000 after buying an additional 3,196 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. grew its holdings in Amazon.com by 1.9% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant’s stock worth $52,667,000 after buying an additional 4,558 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.4%

AMZN stock opened at $268.99 on Tuesday. The stock’s fifty day simple moving average is $230.01 and its two-hundred day simple moving average is $229.45. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56. The stock has a market cap of $2.89 trillion, a P/E ratio of 32.18, a P/E/G ratio of 2.04 and a beta of 1.46.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business had revenue of $181.52 billion for the quarter, compared to analysts’ expectations of $177.28 billion. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The business’s revenue was up 16.6% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 7.72 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMZN. Truist Financial upped their price target on Amazon.com from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. President Capital decreased their price target on Amazon.com from $320.00 to $296.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Monness Crespi & Hardt upped their price target on Amazon.com from $280.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus set a $319.00 price target on Amazon.com and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Daiwa Securities Group cut their price objective on Amazon.com from $300.00 to $280.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Fifty-six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $313.09.

Get Our Latest Research Report on Amazon.com

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the completion of the transaction, the chief executive officer owned 471,361 shares in the company, valued at approximately $129,624,275. This represents a 5.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 31,352 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $8,621,800.00. Following the transaction, the chief executive officer owned 2,175,766 shares of the company’s stock, valued at $598,335,650. The trade was a 1.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 191,593 shares of company stock worth $46,289,241 over the last 90 days. 8.90% of the stock is owned by insiders.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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

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