Friday Financial purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,406 shares of the e-commerce giant's stock, valued at approximately $276,000.
A number of other institutional investors and hedge funds also recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC bought a new position in Amazon.com during the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter worth $35,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the first quarter worth $40,000. Finally, Perritt Capital Management Inc boosted its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Amazon.com
In other news, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,602,037 shares of company stock valued at $3,044,172,641. 10.80% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Mizuho cut their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Rosenblatt Securities raised their price target on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Bank of America raised their price target on Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Finally, Truist Financial increased their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $250.35.
Read Our Latest Analysis on Amazon.com
Amazon.com Stock Down 1.4%
Amazon.com stock traded down $3.16 during trading hours on Wednesday, hitting $223.19. 39,418,490 shares of the stock traded hands, compared to its average volume of 42,075,959. The firm's 50-day moving average price is $211.52 and its two-hundred day moving average price is $208.50. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.37 trillion, a PE ratio of 36.35, a PEG ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the firm posted $0.98 EPS. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.
About Amazon.com
(
Free Report)
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
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