Legacy Edge Advisors LLC Invests $4.39 Million in Amazon.com, Inc. $AMZN

Legacy Edge Advisors LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 19,001 shares of the e-commerce giant’s stock, valued at approximately $4,386,000.

Other hedge funds have also made changes to their positions in the company. Fairway Wealth LLC increased its stake in shares of Amazon.com by 113.2% during the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 60 shares during the period. Sellwood Investment Partners LLC purchased a new stake in shares of Amazon.com during the third quarter worth approximately $27,000. Bridge Generations Wealth Management LLC increased its stake in shares of Amazon.com by 2,330.0% during the third quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock worth $53,000 after buying an additional 233 shares during the period. Cooksen Wealth LLC increased its stake in shares of Amazon.com by 23.5% during the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after buying an additional 47 shares during the period. Finally, Sagard Holdings Management Inc. purchased a new stake in shares of Amazon.com during the second quarter worth approximately $79,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $266.32 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56. The company’s 50 day moving average is $240.63 and its two-hundred day moving average is $231.82. The stock has a market cap of $2.86 trillion, a P/E ratio of 31.86, a PEG ratio of 1.99 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company had revenue of $181.52 billion for the quarter, compared to analysts’ expectations of $177.28 billion. During the same quarter last year, the company earned $1.59 earnings per share. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. TD Securities upgraded shares of Amazon.com to a “buy” rating in a research note on Monday, April 13th. William Blair restated an “outperform” rating on shares of Amazon.com in a research note on Thursday, April 9th. Monness Crespi & Hardt upped their target price on shares of Amazon.com from $280.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Oppenheimer upped their target price on shares of Amazon.com from $275.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $315.00 target price (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $312.66.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Multiple recent articles argue Amazon is one of the best growth stocks to own, highlighting accelerating business momentum, strong sales growth, and the company’s ability to keep compounding over time. Article Title
• Positive Sentiment: Bank of America reiterated a Buy rating after Amazon’s Alexa for Shopping debut, suggesting the new AI-powered shopping feature could become a major commerce platform and add meaningful long-term revenue. Article Title
• Positive Sentiment: Investor commentary is focusing on AI momentum, AWS re-acceleration, and strong ad and subscription growth, with technical traders also noting supportive chart action and call buying near support. Article Title
• Positive Sentiment: Amazon’s heavy spending on AI infrastructure is being framed as a long-term catalyst, with investors betting the company’s scale in data centers and cloud could strengthen its competitive edge. Article Title

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,742 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $262.59, for a total transaction of $982,611.78. Following the sale, the chief executive officer owned 476,972 shares of the company’s stock, valued at approximately $125,248,077.48. This trade represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 11,475 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $262.66, for a total transaction of $3,014,023.50. Following the sale, the chief executive officer directly owned 11,430 shares in the company, valued at approximately $3,002,203.80. The trade was a 50.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 136,124 shares of company stock worth $35,801,387 in the last ninety days. Company insiders own 8.90% of the company’s stock.

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.