Ascent Wealth Partners LLC Purchases 1,306 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ascent Wealth Partners LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,522 shares of the e-commerce giant's stock after acquiring an additional 1,306 shares during the period. Amazon.com makes up 1.2% of Ascent Wealth Partners LLC's holdings, making the stock its 26th biggest holding. Ascent Wealth Partners LLC's holdings in Amazon.com were worth $8,851,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the 4th quarter worth about $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the 4th quarter worth about $27,000. LSV Asset Management bought a new stake in Amazon.com in the 4th quarter worth about $35,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the 1st quarter worth about $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com in the 1st quarter worth about $40,000. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares of the company's stock, valued at $111,114,850. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,096,253 shares of company stock worth $5,673,745,409 in the last ninety days. Insiders own 9.70% of the company's stock.

Amazon.com Trading Up 0.0%

Shares of AMZN traded up $0.05 during trading hours on Friday, reaching $231.03. 39,600,434 shares of the company traded hands, compared to its average volume of 47,994,872. The company's fifty day moving average price is $221.41 and its two-hundred day moving average price is $208.44. The company has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 EPS. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. HSBC upped their price objective on shares of Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Moffett Nathanson increased their target price on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. One investment analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Buy" and an average target price of $262.87.

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.