CGN Advisors LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

CGN Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 91.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,334 shares of the e-commerce giant’s stock after purchasing an additional 17,367 shares during the period. CGN Advisors LLC’s holdings in Amazon.com were worth $3,052,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Iron Horse Wealth Management LLC increased its stake in shares of Amazon.com by 4,540.0% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 227 shares during the last quarter. Wells Financial Advisors INC increased its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after purchasing an additional 266 shares during the last quarter. Knott David M Jr purchased a new stake in shares of Amazon.com during the 2nd quarter worth approximately $32,000. Laurel Wealth Planning LLC increased its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the last quarter. Finally, Baron Financial Group LLC increased its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock worth $38,000 after purchasing an additional 342 shares during the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AMZN. StockNews.com began coverage on shares of Amazon.com in a report on Thursday. They issued a “hold” rating for the company. Wedbush cut their price objective on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. UBS Group raised their price objective on shares of Amazon.com from $118.00 to $127.00 in a report on Friday, February 3rd. Oppenheimer raised their price objective on shares of Amazon.com from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Finally, Truist Financial cut their price objective on shares of Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $144.72.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $98.95 on Friday. The company’s fifty day moving average is $97.01 and its 200 day moving average is $101.53. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83. The stock has a market cap of $1.01 trillion, a PE ratio of -369.20, a PEG ratio of 3.97 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm had revenue of $149.20 billion during the quarter, compared to analysts’ expectations of $145.72 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $102.90, for a total transaction of $411,600.00. Following the sale, the chief executive officer now owns 529,435 shares of the company’s stock, valued at approximately $54,478,861.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,394 shares of company stock worth $6,994,626. 12.70% of the stock is currently owned by company insiders.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.