Equita Financial Network Inc. Has $757,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Equita Financial Network Inc. increased its stake in Amazon.com, Inc. by 44.9% in the first quarter, now holding shares valued at $757,000.
• Amazon.com reported a quarterly earnings per share (EPS) of $1.59, surpassing estimates and showing an increase in revenue of 8.6% year-over-year to $155.67 billion.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon stock for approximately $960.67 million, decreasing his ownership by 0.47%.

Equita Financial Network Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 44.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,979 shares of the e-commerce giant's stock after purchasing an additional 1,233 shares during the period. Equita Financial Network Inc.'s holdings in Amazon.com were worth $757,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cable Hill Partners LLC lifted its holdings in shares of Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after buying an additional 44 shares during the period. Northern Capital Management Inc. increased its holdings in shares of 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 valued at $1,613,000 after purchasing an additional 45 shares in the last quarter. Balanced Wealth Group LLC increased its holdings in shares of 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 valued at $705,000 after purchasing an additional 48 shares in the last quarter. ETF Store Inc. boosted its holdings in Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after buying an additional 48 shares in the last quarter. Finally, TD Capital Management LLC grew its position in Amazon.com by 1.6% during the fourth quarter. TD Capital Management LLC now owns 3,058 shares of the e-commerce giant's stock valued at $671,000 after buying an additional 49 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the transaction, the insider directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548 in the last ninety days. 9.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities increased their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Benchmark reaffirmed a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Truist Financial lifted their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Moffett Nathanson upped their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $255.52.

Amazon.com Trading Up 1.0%

Shares of Amazon.com stock traded up $2.29 on Thursday, reaching $232.48. 24,411,312 shares of the company were exchanged, compared to its average volume of 43,728,707. The stock has a fifty day moving average price of $217.31 and a 200-day moving average price of $209.12. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 37.89, a price-to-earnings-growth ratio of 1.71 and a beta of 1.33.

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

Amazon.com Company 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.