1,406 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Friday Financial

Friday Financial acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,406 shares of the e-commerce giant's stock, valued at approximately $276,000.

Several other institutional investors have also bought and sold shares of AMZN. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com in the 4th quarter valued at about $35,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com in the 1st quarter valued at about $40,000. Finally, Perritt Capital Management Inc increased its holdings in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. Truist Financial boosted their price target on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Evercore ISI lowered their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Oppenheimer boosted their price target on Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Finally, Rosenblatt Securities boosted their price target on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $249.42.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the transaction, the senior vice president directly owned 47,030 shares in the company, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at $9,876,930. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,886,613 shares of company stock valued at $1,531,840,610 in the last ninety days. Company insiders own 9.70% of the company's stock.

Amazon.com Trading Up 1.2%

Shares of AMZN opened at $225.02 on Friday. 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 firm's 50-day moving average is $209.90 and its two-hundred day moving average is $208.49. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 36.65, a PEG ratio of 1.69 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com Profile

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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