Fountainhead AM LLC Buys 8,198 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Fountainhead AM LLC increased its stake in Amazon.com by 47.2%, owning a total of 25,571 shares valued at approximately $4,865,000 after acquiring an additional 8,198 shares.
• CEO Douglas J. Herrington sold 2,500 shares at an average price of $217.00, while Jeff Bezos sold over 2.6 million shares for $609 million recently.
• Several analysts have raised their target prices for Amazon, with Susquehanna increasing theirs from $225.00 to $260.00, reflecting a generally positive outlook on the stock.

Fountainhead AM LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 47.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,571 shares of the e-commerce giant's stock after buying an additional 8,198 shares during the quarter. Amazon.com comprises approximately 0.8% of Fountainhead AM LLC's holdings, making the stock its 21st largest holding. Fountainhead AM LLC's holdings in Amazon.com were worth $4,865,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AMZN. Brighton Jones LLC lifted its position in Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after buying an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after buying an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after buying an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE lifted its position in Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after buying an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new stake in shares of Amazon.com during the fourth quarter worth $2,153,000. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the transaction, the chief executive officer directly owned 512,050 shares of the company's stock, valued at approximately $111,114,850. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409 in the last ninety days. Corporate insiders own 9.70% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Susquehanna lifted their target price on Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Westpark Capital reiterated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Robert W. Baird lifted their target price on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Stifel Nicolaus lifted their target price on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, UBS Group restated a "buy" rating and set a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $262.87.

Amazon.com Price Performance

Shares of AMZN stock opened at $231.03 on Friday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.22, a PEG ratio of 1.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock's 50-day simple moving average is $221.41 and its 200-day simple moving average is $208.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping 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 firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company's revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.

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