Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 670,148 shares of the e-commerce giant's stock after buying an additional 49,691 shares during the quarter. Amazon.com makes up about 2.2% of Exchange Traded Concepts LLC's investment portfolio, making the stock its 5th largest holding. Exchange Traded Concepts LLC's holdings in Amazon.com were worth $127,502,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Tallon Kerry Patrick bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $800,000. Capital & Planning LLC increased its position in Amazon.com by 72.1% in the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after acquiring an additional 1,635 shares during the period. LaFleur & Godfrey LLC increased its position in Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after acquiring an additional 860 shares during the period. Brighton Jones LLC raised its stake in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after acquiring an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Amazon.com during the 4th quarter worth $301,650,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the firm'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 directly owned 49,000 shares in the company, valued at $9,876,930. This trade represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 224,926 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $223.56, for a total value of $50,284,456.56. Following the sale, the insider owned 905,454,975 shares of the company's stock, valued at approximately $202,423,514,211. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,424,463 shares of company stock valued at $756,747,557 in the last three months. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Scotiabank lowered their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Moffett Nathanson raised their target price on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a research note on Monday, June 2nd. Morgan Stanley decreased their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a research report on Friday, June 27th. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $246.23.

Amazon.com Stock Down 0.2%

Shares of AMZN traded down $0.54 during midday trading on Wednesday, reaching $219.92. 30,814,701 shares of the stock were exchanged, compared to its average volume of 42,036,639. The company has a market cap of $2.33 trillion, a price-to-earnings ratio of 35.82, a P/E/G ratio of 1.65 and a beta of 1.33. The firm has a 50 day simple moving average of $204.25 and a 200-day simple moving average of $208.75. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

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 for the quarter, beating 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 firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The company's revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current 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.