Asset Allocation & Management Company LLC takes a stand on Amazon.com, Inc. (NASDAQ:AMZN)

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Asset Allocation & Management Company LLC has acquired a new equity stake in Amazon.com, Inc. (NASDAQ: AMZN) during the first trimester, Holdings Channel.com reports. The fund acquired 175 shares of the e-commerce giant, valued at around $570,000.

Other large investors have also recently changed their holdings in the company. Koshinski Asset Management Inc. increased its stake in Amazon.com shares by 1.7% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,386 shares of the e-commerce giant worth $14,624,000 after buying 75 more shares in the last quarter. Atlas Private Wealth Advisors acquired a new position on Amazon.com in the first quarter worth $6,229,000. Legacy Private Trust Co. increased its stake in Amazon.com by 60.0% in the first quarter. Legacy Private Trust Co. now owns 4,058 shares of the e-commerce giant worth $13,229,000 after purchasing an additional 1,522 shares during the period. Gilman Hill Asset Management LLC increased its stake in Amazon.com by 10.5% in the fourth quarter. Gilman Hill Asset Management LLC now owns 749 shares of the e-commerce giant worth $2,497,000 after buying 71 additional shares during the period. Finally, Ritholtz Wealth Management increased its stake in Amazon.com by 6.7% in the fourth quarter. Ritholtz Wealth Management now owns 3,635 shares of the e-commerce giant worth $12,120,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds hold 72.51% of the company’s shares.

A number of research companies have commented on AMZN. Citigroup began covering Amazon.com shares in a Wednesday, April 20, report. They issued a “buy” rating and a price target of $205.00 for the company. Piper Sandler cut her price target on Amazon.com shares from $195.00 to $170.00 and set an “overweight” rating for the company in a Friday, April 29 report. Jefferies Financial Group cut its price target on Amazon.com shares from $185.00 to $162.50 in a Tuesday, May 31 report. Exane BNP Paribas began covering Amazon.com shares in a report on Tuesday, March 29. They set an “underperforming” rating and a price target of $140.00 for the company. Finally, Canaccord Genuity Group cut its price target on Amazon.com shares from $210.00 to $187.50 in a Friday, April 29 report. Three research analysts rated the stock with a sell rating, one gave the company a hold rating and thirty-seven gave the company’s stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.07.

In related news, CEO Adam Selipski sold 34 shares of the company in a trade that took place on Wednesday, March 30. The stock was sold at an average price of $3,370.19, for a total value of $114,586.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. Also, CEO David H. Clark sold 2,270 shares of the company in a transaction that took place on Monday, May 23. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the sale, the CEO now directly owns 6,695 shares of the company, valued at approximately $14,522,927.90. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 4,837 shares of the company worth $10,642,923. Insiders of the company hold 12.70% of the shares of the company.

NASDAQ AMZN opened at $116.46 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt ratio of 0.35. Amazon.com, Inc. has a 1-year minimum of $101.26 and a 1-year maximum of $188.65. The stock’s 50-day moving average price is $119.35 and its two-hundred-day moving average price is $144.59. The company has a market capitalization of $1.18 trillion, a PE ratio of 56.22, a PEG ratio of 3.33 and a beta of 1.23.

Amazon.com (NASDAQ: AMZNGet a rating) last released its results on Thursday, April 28. The e-commerce giant reported earnings per share of $0.21 for the quarter, missing the consensus estimate of $0.44 per ($0.23). Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The company posted revenue of $116.44 billion for the quarter, versus $116.52 billion expected by analysts. During the same period last year, the company achieved EPS of $0.79. The company’s revenue increased by 7.3% compared to the same quarter last year. Research analysts expect Amazon.com, Inc. to post EPS of 1.22 for the current fiscal year.

About Amazon.com (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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