15,210 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by Aspetuck Financial Management LLC

Aspetuck Financial Management LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,210 shares of the e-commerce giant's stock, valued at approximately $2,894,000. Amazon.com comprises about 2.5% of Aspetuck Financial Management LLC's holdings, making the stock its 14th biggest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pure Financial Advisors LLC boosted its holdings in shares of Amazon.com by 34.3% in the first quarter. Pure Financial Advisors LLC now owns 66,695 shares of the e-commerce giant's stock valued at $12,689,000 after acquiring an additional 17,051 shares in the last quarter. TSA Wealth Managment LLC boosted its stake in Amazon.com by 3.5% during the 1st quarter. TSA Wealth Managment LLC now owns 2,205 shares of the e-commerce giant's stock valued at $420,000 after purchasing an additional 74 shares in the last quarter. Security National Bank boosted its stake in Amazon.com by 3.7% during the first quarter. Security National Bank now owns 74,384 shares of the e-commerce giant's stock valued at $14,152,000 after buying an additional 2,622 shares in the last quarter. Omnia Family Wealth LLC boosted its stake in Amazon.com by 16.0% during the first quarter. Omnia Family Wealth LLC now owns 17,118 shares of the e-commerce giant's stock valued at $3,257,000 after buying an additional 2,356 shares in the last quarter. Finally, New World Advisors LLC boosted its stake in Amazon.com by 18.5% during the first quarter. New World Advisors LLC now owns 18,016 shares of the e-commerce giant's stock valued at $3,428,000 after buying an additional 2,819 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 733,195 shares of Amazon.com stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the transaction, the insider directly owned 894,546,706 shares of the company's stock, valued at approximately $203,079,993,196.12. This trade represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the transaction, the chief executive officer owned 514,550 shares in the company, valued at approximately $113,231,873. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,335,232 shares of company stock worth $3,210,622,570. Insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AMZN shares. Wall Street Zen lowered Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Mizuho decreased their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Telsey Advisory Group reiterated an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, July 10th. Oppenheimer raised their price objective on shares of Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Three analysts have rated the stock with a hold rating, forty-five have issued 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 a consensus rating of "Moderate Buy" and a consensus price target of $250.35.

Amazon.com Stock Up 1.0%

Shares of NASDAQ AMZN traded up $2.25 during mid-day trading on Friday, reaching $226.13. 37,691,170 shares of the company's stock traded hands, compared to its average volume of 41,991,273. The stock has a market cap of $2.40 trillion, a P/E ratio of 36.83, a PEG 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. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business has a 50-day simple moving average of $213.50 and a 200 day simple moving average of $208.67.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.