Apexium Financial LP Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Apexium Financial LP boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 259.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 162,576 shares of the e-commerce giant's stock after purchasing an additional 117,331 shares during the period. Amazon.com makes up about 1.7% of Apexium Financial LP's portfolio, making the stock its 9th biggest position. Apexium Financial LP's holdings in Amazon.com were worth $24,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC acquired a new position in Amazon.com during the fourth quarter worth $43,000. Bruce G. Allen Investments LLC acquired a new position in Amazon.com during the fourth quarter worth $57,000. Authentikos Wealth Advisory LLC acquired a new position in Amazon.com during the third quarter worth $49,000. Finally, Advantage Trust Co acquired a new position in Amazon.com during the fourth quarter worth $68,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $3.72 during midday trading on Thursday, hitting $185.00. 31,335,503 shares of the stock were exchanged, compared to its average volume of 42,496,539. The company has a 50 day moving average price of $182.46 and a 200-day moving average price of $168.39. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $191.70. The stock has a market cap of $1.93 trillion, a P/E ratio of 51.82, a PEG ratio of 1.28 and a beta of 1.14. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analysts' expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm's revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AMZN shares. Truist Financial upped their price objective on shares of Amazon.com from $216.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, May 1st. Morgan Stanley upped their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, May 1st. Argus increased their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $205.00 target price on shares of Amazon.com in a research note on Wednesday, May 15th. Finally, Oppenheimer increased their target price on shares of Amazon.com from $210.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Buy" and a consensus target price of $212.40.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the company's stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $21,726,894.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,838 shares of company stock worth $11,984,344. 10.80% of the stock is currently owned by company insiders.

Amazon.com Company 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.