Global Assets Advisory LLC Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Global Assets Advisory LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 30,350.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,531,569 shares of the e-commerce giant's stock after buying an additional 6,510,119 shares during the quarter. Amazon.com comprises about 3.8% of Global Assets Advisory LLC's investment portfolio, making the stock its 6th largest holding. Global Assets Advisory LLC owned approximately 0.06% of Amazon.com worth $1,178,164,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Amazon.com in the 4th quarter worth $17,700,551,000. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant's stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. International Assets Investment Management LLC boosted its position in Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant's stock valued at $36,260,810,000 after buying an additional 23,717,254 shares during the last quarter. FMR LLC increased its holdings in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant's stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the period. Finally, Northern Trust Corp raised its position in Amazon.com by 3.7% during the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant's stock worth $11,736,905,000 after buying an additional 3,260,411 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMZN shares. Argus increased their price objective 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. Citigroup increased their price target on Amazon.com from $235.00 to $245.00 and gave the stock a "buy" rating in a research report on Wednesday, May 1st. BMO Capital Markets upped their target price on Amazon.com from $215.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 1st. Moffett Nathanson reiterated a "buy" rating and set a $228.00 price target on shares of Amazon.com in a research report on Thursday, April 11th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $215.74.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares in the company, valued at $24,214,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the sale, the chief executive officer now owns 512,858 shares of the company's stock, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,338 shares of company stock valued at $11,894,344. Insiders own 10.80% of the company's stock.

Amazon.com Stock Up 2.2 %

Shares of NASDAQ:AMZN traded up $4.24 during trading hours on Thursday, reaching $197.85. The stock had a trading volume of 73,658,816 shares, compared to its average volume of 42,657,938. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $199.84. The firm's 50 day moving average is $183.13 and its 200-day moving average is $172.43. The stock has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 55.55, a P/E/G ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

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

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.