Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Biondo Investment Advisors LLC

Biondo Investment Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,361 shares of the e-commerce giant’s stock after purchasing an additional 437 shares during the quarter. Amazon.com comprises 1.5% of Biondo Investment Advisors LLC’s portfolio, making the stock its 25th largest position. Biondo Investment Advisors LLC’s holdings in Amazon.com were worth $4,603,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Drexel Morgan & Co. raised its position in shares of Amazon.com by 2.7% during the 4th quarter. Drexel Morgan & Co. now owns 751 shares of the e-commerce giant’s stock worth $1,388,000 after purchasing an additional 20 shares during the period. Covington Capital Management raised its position in shares of Amazon.com by 1.7% during the 4th quarter. Covington Capital Management now owns 20,187 shares of the e-commerce giant’s stock worth $37,302,000 after purchasing an additional 335 shares during the period. LWS Wealth Advisors Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $200,000. Boston Trust Walden Corp raised its position in shares of Amazon.com by 87.0% during the 1st quarter. Boston Trust Walden Corp now owns 1,997 shares of the e-commerce giant’s stock worth $3,894,000 after purchasing an additional 929 shares during the period. Finally, Blackhawk Capital Partners LLC. raised its position in shares of Amazon.com by 0.4% during the 4th quarter. Blackhawk Capital Partners LLC. now owns 1,550 shares of the e-commerce giant’s stock worth $2,691,000 after purchasing an additional 6 shares during the period. Institutional investors and hedge funds own 64.58% of the company’s stock.

A number of equities analysts recently issued reports on AMZN shares. Tigress Financial reissued a “buy” rating on shares of Amazon.com in a report on Wednesday, April 8th. Citigroup increased their price objective on Amazon.com from $2,400.00 to $2,700.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Wells Fargo & Co reissued a “buy” rating and issued a $2,725.00 price objective on shares of Amazon.com in a report on Monday, April 27th. Credit Suisse Group decreased their price objective on Amazon.com from $2,800.00 to $2,760.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Finally, Barclays reissued a “buy” rating on shares of Amazon.com in a report on Thursday, April 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and forty-six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $2,538.89.

In other news, Director Patricia Q. Stonesifer sold 2,200 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $2,329.44, for a total value of $5,124,768.00. Following the sale, the director now directly owns 4,645 shares of the company’s stock, valued at $10,820,248.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Indra K. Nooyi purchased 100 shares of the stock in a transaction dated Wednesday, April 1st. The stock was acquired at an average cost of $1,930.41 per share, for a total transaction of $193,041.00. Following the completion of the transaction, the director now owns 352 shares of the company’s stock, valued at approximately $679,504.32. The disclosure for this purchase can be found here. Insiders have sold 9,497 shares of company stock worth $21,605,827 over the last three months. Company insiders own 16.10% of the company’s stock.

Shares of NASDAQ:AMZN opened at $2,401.10 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $2,525.45. The business has a fifty day simple moving average of $2,339.09 and a 200 day simple moving average of $1,993.99. The firm has a market cap of $1,202.24 billion, a price-to-earnings ratio of 114.72, a P/E/G ratio of 5.09 and a beta of 1.34.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, April 30th. The e-commerce giant reported $5.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $6.36 by ($1.35). Amazon.com had a return on equity of 17.83% and a net margin of 3.56%. The firm had revenue of $75.45 billion for the quarter, compared to analysts’ expectations of $74.15 billion. During the same quarter in the prior year, the business posted $7.09 earnings per share. Amazon.com’s revenue was up 26.4% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 19.75 EPS for the current year.

Amazon.com Profile

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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

Further Reading: What is the Book Value of a Share?

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