Joseph Group Capital Management Acquires Shares of 16,011 Amazon.com, Inc. (NASDAQ:AMZN)

Joseph Group Capital Management acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,011 shares of the e-commerce giant's stock, valued at approximately $3,046,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. 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. bought a new position in Amazon.com during the 4th quarter valued at $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the 4th quarter valued at $35,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter worth $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter worth $40,000. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMZN. Deutsche Bank Aktiengesellschaft lifted their target price on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Tigress Financial lifted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Cantor Fitzgerald increased their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. BNP Paribas raised Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, Barclays increased their price objective on Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $262.45.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated 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. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,102,037 shares of company stock worth $5,674,937,048. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Amazon.com stock traded down $0.44 on Friday, reaching $222.69. 32,911,537 shares of the stock were exchanged, compared to its average volume of 45,060,172. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm has a fifty day moving average price of $219.27 and a two-hundred day moving average price of $209.03. The stock has a market cap of $2.37 trillion, a PE ratio of 33.95, a PEG ratio of 1.50 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. Sell-side analysts anticipate 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.