Fogel Capital Management Inc. Invests $310,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Fogel Capital Management Inc. acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,631 shares of the e-commerce giant's stock, valued at approximately $310,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the 4th quarter worth about $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the 4th quarter worth about $27,000. LSV Asset Management purchased a new stake in Amazon.com during the 4th quarter worth about $35,000. Perritt Capital Management Inc lifted its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in Amazon.com during the 4th quarter worth about $51,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the sale, the chief executive officer directly owned 2,148,694 shares in the company, valued at $432,532,102.20. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the completion of the transaction, the insider owned 905,679,901 shares in the company, valued at $200,535,643,679.42. This trade represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,426,963 shares of company stock valued at $757,297,707 in the last quarter. Company insiders own 10.80% of the company's stock.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $0.06 during trading on Monday, hitting $223.47. 36,547,965 shares of the company's stock traded hands, compared to its average volume of 42,009,901. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The firm's fifty day moving average price is $207.16 and its 200 day moving average price is $208.51. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market cap of $2.37 trillion, a PE ratio of 36.40, a PEG ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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 business had revenue of $155.67 billion during 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%. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group reiterated a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Oppenheimer boosted their target price on Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Morgan Stanley dropped their target price on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. BNP Paribas raised Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, Bank of America boosted their target price on Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a report on Monday, June 2nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $245.60.

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.