Catalyst Financial Partners LLC Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Catalyst Financial Partners LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,909 shares of the e-commerce giant's stock after buying an additional 4,755 shares during the quarter. Amazon.com makes up 1.7% of Catalyst Financial Partners LLC's holdings, making the stock its 13th largest position. Catalyst Financial Partners LLC's holdings in Amazon.com were worth $9,496,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMZN. Cantor Fitzgerald upped their price target on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. JMP Securities restated a "market outperform" rating and issued a $285.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Monness Crespi & Hardt upped their price target on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Piper Sandler upped their price target on Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Citigroup upped their price target on Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Buy" and an average price target of $262.45.

Amazon.com Stock Performance

AMZN stock traded up $3.01 during trading on Wednesday, hitting $224.48. The company had a trading volume of 27,688,120 shares, compared to its average volume of 44,812,195. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The firm has a 50-day moving average price of $220.25 and a 200-day moving average price of $208.61. The firm has a market cap of $2.39 trillion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 1.49 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 (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the company earned $1.26 EPS. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com 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 sale, the insider owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares in the company, valued at $111,114,850. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,101,037 shares of company stock worth $5,674,726,368 in the last ninety days. 10.80% of the stock is owned by corporate insiders.

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.