Amazon.com, Inc. $AMZN is International Assets Investment Management LLC’s 9th Largest Position

International Assets Investment Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,683 shares of the e-commerce giant’s stock after acquiring an additional 4,006 shares during the quarter. Amazon.com comprises about 0.9% of International Assets Investment Management LLC’s investment portfolio, making the stock its 9th biggest position. International Assets Investment Management LLC’s holdings in Amazon.com were worth $38,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Red Crane Wealth Management LLC raised its holdings in Amazon.com by 2.3% during the 1st quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock valued at $346,000 after buying an additional 38 shares during the period. Robinson Smith Wealth Advisors LLC raised its stake in shares of Amazon.com by 0.7% in the first quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock valued at $1,147,000 after acquiring an additional 40 shares during the period. Lifelong Wealth Advisors Inc. lifted its holdings in shares of Amazon.com by 2.4% in the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant’s stock worth $402,000 after acquiring an additional 41 shares during the last quarter. Financial Connections Group Inc. boosted its stake in shares of Amazon.com by 2.6% during the 4th quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant’s stock worth $376,000 after purchasing an additional 42 shares during the period. Finally, Marquette Asset Management LLC boosted its stake in shares of Amazon.com by 5.1% during the 4th quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant’s stock worth $205,000 after purchasing an additional 43 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Options data and several analyst/commentary pieces suggest traders expect a post-earnings move higher, and multiple firms remain bullish on AMZN heading into the July 30 report. Ahead of Amazon Earnings, Here’s What Barchart Data Says Comes Next for AMZN Stock
• Positive Sentiment: India eased e-commerce export rules, which is a win for Amazon’s international marketplace ambitions and could support long-term growth. India relaxes e-commerce investment rules for exports in win for Amazon
• Positive Sentiment: Several bullish research notes continue to frame AWS, custom silicon, and Amazon’s AI buildout as long-term growth drivers, with some investors arguing the capex surge should ultimately strengthen Amazon’s competitive moat. Amazon: Why The CapEx Surge Makes Me More Bullish, Not Less

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 3,706 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $273.02, for a total transaction of $1,011,812.12. Following the transaction, the director owned 74,948 shares of the company’s stock, valued at approximately $20,462,302.96. This represents a 4.71% decrease in their position. The transaction was disclosed in a filing 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 Andrew R. Jassy sold 31,352 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $8,621,800.00. Following the transaction, the chief executive officer owned 2,175,766 shares in the company, valued at approximately $598,335,650. This represents a 1.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 140,425 shares of company stock worth $37,715,464. Insiders own 8.90% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent analyst reports. Phillip Securities raised shares of Amazon.com from a “moderate buy” rating to a “buy” rating and set a $280.00 price objective on the stock in a research report on Wednesday, May 13th. Raymond James Financial reiterated an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, May 1st. HSBC raised their price target on Amazon.com from $280.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Cantor Fitzgerald restated an “overweight” rating and set a $330.00 price objective (up from $280.00) on shares of Amazon.com in a report on Thursday, April 30th. Finally, Needham & Company LLC lifted their target price on Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.91.

Amazon.com Stock Down 0.7%

Shares of NASDAQ AMZN opened at $232.11 on Friday. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $278.56. The firm has a market capitalization of $2.50 trillion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.75 and a beta of 1.46. The stock has a 50 day moving average price of $248.26 and a 200 day moving average price of $236.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping the consensus estimate of $1.63 by $1.15. The company had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.Amazon.com’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the business posted $1.59 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 7.75 earnings per share for the current year.

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.