Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Weaver Capital Management LLC

Weaver Capital Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 41.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,578 shares of the e-commerce giant's stock after purchasing an additional 8,674 shares during the quarter. Amazon.com comprises about 1.5% of Weaver Capital Management LLC's holdings, making the stock its 12th largest holding. Weaver Capital Management LLC's holdings in Amazon.com were worth $5,628,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aspire Private Capital LLC boosted its holdings in Amazon.com by 2.0% in the 1st quarter. Aspire Private Capital LLC now owns 15,259 shares of the e-commerce giant's stock valued at $2,903,000 after purchasing an additional 297 shares during the last quarter. CCG Wealth Management LLC boosted its holdings in Amazon.com by 5.9% in the 1st quarter. CCG Wealth Management LLC now owns 6,715 shares of the e-commerce giant's stock valued at $1,278,000 after purchasing an additional 377 shares during the last quarter. Praxis Investment Management Inc. boosted its holdings in Amazon.com by 0.5% in the 1st quarter. Praxis Investment Management Inc. now owns 177,190 shares of the e-commerce giant's stock valued at $33,712,000 after purchasing an additional 820 shares during the last quarter. Marietta Wealth Management LLC boosted its holdings in Amazon.com by 0.8% in the 1st quarter. Marietta Wealth Management LLC now owns 71,020 shares of the e-commerce giant's stock valued at $13,512,000 after purchasing an additional 541 shares during the last quarter. Finally, World Equity Group Inc. increased its stake in Amazon.com by 6.0% during the first quarter. World Equity Group Inc. now owns 31,892 shares of the e-commerce giant's stock worth $6,052,000 after acquiring an additional 1,808 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 384,124 shares of the business's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $224.02, for a total value of $86,051,458.48. Following the completion of the sale, the insider directly owned 901,995,325 shares of the company's stock, valued at approximately $202,064,992,706.50. The trade was a 0.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares of the company's stock, valued at $113,231,873. The trade was a 0.48% 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 over the last quarter. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Down 0.1%

Shares of NASDAQ AMZN opened at $222.26 on Friday. The company has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 36.20, a price-to-earnings-growth ratio of 1.67 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. The business has a 50-day moving average of $209.20 and a two-hundred day moving average of $208.66. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The company 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%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Truist Financial raised their target price on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Westpark Capital reissued a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Rosenblatt Securities raised their target price on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a research note on Thursday. Finally, Jefferies Financial Group cut their target price on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $248.31.

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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