Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 33.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,311 shares of the e-commerce giant's stock after acquiring an additional 51,749 shares during the quarter. Amazon.com comprises approximately 1.0% of Farther Finance Advisors LLC's portfolio, making the stock its 15th largest holding. Farther Finance Advisors LLC's holdings in Amazon.com were worth $39,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. City Holding Co. increased its position in Amazon.com by 3.4% during the 1st quarter. City Holding Co. now owns 84,021 shares of the e-commerce giant's stock worth $15,986,000 after purchasing an additional 2,788 shares during the period. Millington Financial Advisors LLC grew its holdings in Amazon.com by 5.4% during the 1st quarter. Millington Financial Advisors LLC now owns 1,947 shares of the e-commerce giant's stock valued at $360,000 after buying an additional 100 shares during the last quarter. Daymark Wealth Partners LLC boosted its stake in shares of Amazon.com by 2.7% during the 1st quarter. Daymark Wealth Partners LLC now owns 330,177 shares of the e-commerce giant's stock worth $62,819,000 after purchasing an additional 8,586 shares during the last quarter. Destiny Wealth Partners LLC boosted its holdings in shares of Amazon.com by 3.2% during the first quarter. Destiny Wealth Partners LLC now owns 122,609 shares of the e-commerce giant's stock worth $23,328,000 after purchasing an additional 3,822 shares during the last quarter. Finally, Deane Retirement Strategies Inc. boosted its position in shares of Amazon.com by 56.6% in the first quarter. Deane Retirement Strategies Inc. now owns 24,649 shares of the e-commerce giant's stock worth $4,693,000 after acquiring an additional 8,913 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the transaction, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,037 shares of company stock valued at $20,531,075. Company insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent research reports. DA Davidson reduced their price target on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Truist Financial dropped their price target on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Royal Bank Of Canada lowered their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Finally, Wells Fargo & Company dropped their price target on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $245.53.

Amazon.com Price Performance

NASDAQ AMZN opened at $208.47 on Tuesday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a 50-day moving average of $198.94 and a 200 day moving average of $209.04. The company has a market capitalization of $2.21 trillion, a price-to-earnings ratio of 33.95, a PEG ratio of 1.58 and a beta of 1.34. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results 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 business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. On average, sell-side analysts forecast 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.

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