Brookstone Capital Management cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 445,783 shares of the e-commerce giant's stock after selling 6,180 shares during the quarter. Amazon.com accounts for about 1.2% of Brookstone Capital Management's holdings, making the stock its 13th biggest holding. Brookstone Capital Management's holdings in Amazon.com were worth $84,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management purchased a new stake in Amazon.com in the fourth quarter worth $35,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the first quarter worth $40,000. Finally, Perritt Capital Management Inc lifted its stake in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the period. 72.20% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Amazon.com
In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction on 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 completion of the sale, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders sold 25,099,537 shares of company stock worth $5,674,394,548. Corporate insiders own 9.70% of the company's stock.
Analyst Ratings Changes
A number of research firms have issued reports on AMZN. Wells Fargo & Company increased their price objective on Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a report on Tuesday. Raymond James Financial restated an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Monness Crespi & Hardt raised their price target on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday. Piper Sandler raised their price target on Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a report on Friday. Finally, Morgan Stanley restated an "overweight" rating on shares of Amazon.com in a report on Monday. Three research analysts have rated the stock with a hold rating, forty-six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $260.85.
View Our Latest Stock Analysis on AMZN
Amazon.com Stock Down 8.3%
Shares of NASDAQ AMZN traded down $19.36 during mid-day trading on Friday, reaching $214.75. 122,007,379 shares of the company were exchanged, compared to its average volume of 37,811,656. 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 has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 1.74 and a beta of 1.31. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a 50-day moving average of $217.93 and a 200 day moving average of $209.23.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a return on equity of 24.90% and a net margin of 10.54%. The firm's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 EPS. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
About Amazon.com
(
Free Report)
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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