Family Wealth Partners LLC Takes $407,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Family Wealth Partners LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,137 shares of the e-commerce giant's stock, valued at approximately $407,000.

A number of other large investors also recently made changes to their positions in the business. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com in the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management acquired a new position in Amazon.com in the fourth quarter worth $35,000. Perritt Capital Management Inc boosted its stake in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares during the period. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com during the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the transaction, the chief executive officer owned 517,050 shares of the company's stock, valued at approximately $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction on 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 completion of the transaction, the chief financial officer owned 49,000 shares of the company's stock, valued at $9,876,930. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,424,463 shares of company stock worth $756,747,557 in the last three months. Insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AMZN shares. The Goldman Sachs Group lowered their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Piper Sandler restated an "overweight" rating and set a $212.00 price target (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Moffett Nathanson boosted their target price on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Citizens Jmp reduced their price target on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $220.00 target price on shares of Amazon.com 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 one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $246.23.

Amazon.com Stock Down 0.2%

AMZN traded down $0.54 during trading on Wednesday, reaching $219.92. 30,825,114 shares of the stock were exchanged, compared to its average volume of 42,022,731. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market cap of $2.33 trillion, a P/E ratio of 35.82, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33. The stock's 50 day moving average price is $204.25 and its two-hundred day moving average price is $208.75. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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.