Amazon.com, Inc. (NASDAQ:AMZN) Stock Purchased by Congress Asset Management Co. MA

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Congress Asset Management Co. MA increased its equity stake by Amazon.com, Inc. (NASDAQ: AMZN) by 1.8% in the 1st quarter, Holdings Channel.com reports. The company held 63,523 shares of the e-commerce giant after acquiring an additional 1,115 shares during the period. Amazon.com represents about 1.8% of Congress Asset Management Co. MA’s investment portfolio, making the stock its 4th largest holding. Congress Asset Management Co. MA’s holdings on Amazon.com were worth $207,082,000 when it last filed with the SEC.

Other hedge funds also bought and sold shares of the company. Grand Central Investment Group increased its holdings of Amazon.com stock by 4.1% during the fourth quarter. Grand Central Investment Group now owns 102 shares of the e-commerce giant valued at $340,000 after acquiring 4 additional shares during the period. MA Private Wealth increased its holdings of Amazon.com shares by 3.1% during the fourth quarter. MA Private Wealth now owns 134 shares of the e-commerce giant worth $447,000 after buying 4 more shares during the period. Inspirion Wealth Advisors LLC increased its position in Amazon.com by 0.9% during the fourth quarter. Inspirion Wealth Advisors LLC now owns 471 shares of the e-commerce giant valued at $1,570,000 after buying 4 more shares in the last quarter. Your Advocates Ltd. LLP increased its stake in Amazon.com by 19.0% in the fourth quarter. Your Advocates Ltd. LLP now owns 25 shares of the e-commerce giant valued at $83,000 after buying 4 additional shares in the last quarter. Finally, Willis Johnson & Associates Inc. increased its stake in Amazon.com by 1.1% in the fourth quarter. Willis Johnson & Associates Inc. now owns 354 shares of the e-commerce giant valued at $1,180,000 after buying 4 more shares last quarter. Institutional investors and hedge funds hold 72.51% of the company’s shares.

AMZN has been the subject of several analyst reports. MKM Partners reduced its price target on Amazon.com from $205.00 to $200.00 and set a “buy” rating for the company in a Wednesday, April 20 research report. Evercore ISI cut its price target on Amazon.com shares from $205.00 to $180.00 and set an “outperform” rating on the stock in a Friday, June 24 research report. Deutsche Bank Aktiengesellschaft lowered its price target on Amazon.com shares from $205.00 to $175.00 in a Friday, April 29 report. Tigress Financial reissued a “buy” rating and posted a price target of $232.00 on Amazon.com shares in a Wednesday, June 29 report. Finally, Truist Financial reiterated a “buy” rating and set a price target of $175.00 on Amazon.com stock in a Friday, June 17 research note. Three investment analysts gave the stock a sell rating, one gave the company a hold rating and thirty-eight gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $185.79.

In other Amazon.com news, CEO David H. Clark sold 2,270 shares of the company in a trade dated Monday, May 23. The shares were sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. As a result of the transaction, the CEO now owns 6,695 shares of the company, valued at approximately $14,522,927.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at the SEC website. Also, CEO Andrew R. Jassy sold 1,181 shares in a trade that took place on Monday, May 16. The shares were sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. As a result of the sale, the CEO now directly owns 92,781 shares of the company, valued at approximately $209,870,622. Disclosure of this sale can be found here. Insiders sold 4,803 shares of the company valued at $10,528,337 in the past 90 days. Insiders of the company hold 12.70% of the shares of the company.

Amazon.com Stock opened at $115.54 on Friday. The stock has a market capitalization of $1.18 trillion, a P/E ratio of 55.78, a PEG ratio of 3.65 and a beta of 1.25. The company has a debt ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.71. Amazon.com, Inc. has a 1-year minimum of $101.26 and a 1-year maximum of $188.65. The company’s 50-day moving average price is $112.64 and its 200-day moving average price is $140.45.

Amazon.com (NASDAQ: AMZNGet a rating) last released its quarterly earnings data on Thursday, April 28. The e-commerce giant reported earnings per share (EPS) of $0.21 for the quarter, missing the consensus estimate of $0.44 per ($0.23). The company posted revenue of $116.44 billion for the quarter, versus $116.52 billion expected by analysts. Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. The company’s revenue increased 7.3% year over year. During the same period last year, the company earned earnings per share of $0.79. As a group, stock analysts expect Amazon.com, Inc. to post EPS of 1.17 for the current year.

Amazon.co.uk profile (Get a rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The Company operates through three segments: North America, International and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Want to see what other hedge funds hold AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ: AMZNGet a rating).

Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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