Independent Investors Inc. purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,235 shares of the e-commerce giant's stock, valued at approximately $425,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Western Wealth Management LLC lifted its stake in shares of Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after buying an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter worth about $749,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Amazon.com in the first quarter worth about $514,000. Segall Bryant & Hamill LLC lifted its stake in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after buying an additional 39,696 shares in the last quarter. Finally, Bearing Point Capital LLC purchased a new position in shares of Amazon.com in the fourth quarter worth about $12,014,000. 72.20% of the stock is owned by hedge funds and other 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 shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the completion of the sale, the chief executive officer owned 512,050 shares of the company's stock, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,101,037 shares of company stock valued at $5,674,726,368. 10.80% of the stock is owned by insiders.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Wedbush raised their price target on shares of Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Citigroup raised their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Moffett Nathanson raised their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. One investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $262.45.
Read Our Latest Stock Report on AMZN
Amazon.com Stock Up 0.0%
Shares of NASDAQ:AMZN traded up $0.02 during trading on Tuesday, hitting $221.32. 14,934,306 shares of the company were exchanged, compared to its average volume of 44,775,840. The stock has a market capitalization of $2.36 trillion, a P/E ratio of 33.74, a PEG ratio of 1.50 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The firm's 50 day moving average price is $219.94 and its 200-day moving average price is $208.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. 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 prior year, the firm earned $1.26 EPS. Amazon.com's revenue for the quarter was up 13.3% on a year-over-year basis. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Amazon.com Profile
(
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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