Amazon.com, Inc. (NASDAQ:AMZN) is GR Financial Group LLC's 7th Largest Position

Key Points

• GR Financial Group LLC has significantly increased its stake in Amazon.com by 206.4%, now holding 8,849 shares valued at approximately $1.68 million.
• Insider Jeffrey P. Bezos recently sold over 2.6 million shares of Amazon, reducing his ownership by 0.30%, while insiders collectively sold over 25 million shares in the last quarter.
• Amazon.com reported quarterly earnings of $1.59 EPS, exceeding estimates, with revenue of $155.67 billion, marking an 8.6% increase year-over-year.

GR Financial Group LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 206.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,849 shares of the e-commerce giant's stock after buying an additional 5,961 shares during the period. Amazon.com comprises approximately 0.3% of GR Financial Group LLC's investment portfolio, making the stock its 7th biggest position. GR Financial Group LLC's holdings in Amazon.com were worth $1,684,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AMZN. NovaPoint Capital LLC boosted its position in Amazon.com by 13.0% during the 1st quarter. NovaPoint Capital LLC now owns 9,838 shares of the e-commerce giant's stock worth $1,872,000 after buying an additional 1,134 shares during the period. Fedenia Advisers LLC raised its stake in shares of Amazon.com by 12.2% during the first quarter. Fedenia Advisers LLC now owns 13,186 shares of the e-commerce giant's stock valued at $2,509,000 after acquiring an additional 1,439 shares during the last quarter. Detalus Advisors LLC lifted its holdings in shares of Amazon.com by 18.8% during the first quarter. Detalus Advisors LLC now owns 12,707 shares of the e-commerce giant's stock worth $2,418,000 after purchasing an additional 2,013 shares during the period. Arbor Capital Management Inc. ADV grew its stake in shares of Amazon.com by 7.3% in the first quarter. Arbor Capital Management Inc. ADV now owns 15,938 shares of the e-commerce giant's stock worth $3,056,000 after purchasing an additional 1,091 shares during the last quarter. Finally, Harbour Trust & Investment Management Co increased its holdings in Amazon.com by 28.8% in the first quarter. Harbour Trust & Investment Management Co now owns 55,489 shares of the e-commerce giant's stock valued at $10,557,000 after purchasing an additional 12,416 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 25,102,037 shares of company stock valued at $5,674,871,223 over the last three months. Corporate insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on AMZN shares. Raymond James Financial reaffirmed an "outperform" rating and set a $195.00 target price (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Barclays cut their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Citigroup increased their target price on shares of Amazon.com from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Cantor Fitzgerald raised their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $255.52.

Amazon.com Stock Down 0.4%

Shares of NASDAQ AMZN traded down $0.82 during trading on Wednesday, hitting $230.19. The stock had a trading volume of 32,258,949 shares, compared to its average volume of 33,970,456. The firm has a fifty day moving average of $217.31 and a two-hundred day moving average of $209.12. The company has a market capitalization of $2.44 trillion, a PE ratio of 37.49, a PEG ratio of 1.71 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

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 for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for 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 firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.