Barnes Dennig Private Wealth Management LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,704 shares of the e-commerce giant's stock, valued at approximately $514,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cable Hill Partners LLC boosted its holdings in Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after acquiring an additional 44 shares during the last quarter. Northern Capital Management Inc. boosted its holdings in Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after acquiring an additional 45 shares during the last quarter. Balanced Wealth Group LLC boosted its holdings in Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after acquiring an additional 48 shares during the last quarter. ETF Store Inc. boosted its holdings in Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after acquiring an additional 48 shares during the last quarter. Finally, TD Capital Management LLC boosted its holdings in Amazon.com by 1.6% during the 4th quarter. TD Capital Management LLC now owns 3,058 shares of the e-commerce giant's stock worth $671,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMZN. JMP Securities boosted their price target on shares of Amazon.com from $250.00 to $285.00 and gave the stock a "market outperform" rating in a report on Thursday, July 10th. Robert W. Baird boosted their price target on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Wedbush reissued an "outperform" rating and issued a $235.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Piper Sandler set a $250.00 price target on shares of Amazon.com and gave the stock an "overweight" rating in a report on Friday, July 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $254.71.

Amazon.com Price Performance

Shares of AMZN stock traded up $1.35 during trading on Monday, hitting $232.79. The company had a trading volume of 26,233,111 shares, compared to its average volume of 35,876,868. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock's 50-day moving average is $216.19 and its two-hundred day moving average is $208.82. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 37.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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 company 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%. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 25,102,037 shares of company stock valued at $5,674,871,223 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

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.