Marest Capital LLC Buys 2,921 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Marest Capital LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 70.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,057 shares of the e-commerce giant's stock after purchasing an additional 2,921 shares during the quarter. Amazon.com comprises about 1.1% of Marest Capital LLC's holdings, making the stock its 10th largest holding. Marest Capital LLC's holdings in Amazon.com were worth $1,343,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sander Capital Advisors Inc. increased its position in Amazon.com by 0.3% during the first quarter. Sander Capital Advisors Inc. now owns 143,478 shares of the e-commerce giant's stock worth $27,298,000 after purchasing an additional 436 shares during the last quarter. Five Oceans Advisors boosted its holdings in Amazon.com by 0.7% in the 1st quarter. Five Oceans Advisors now owns 14,985 shares of the e-commerce giant's stock valued at $2,851,000 after purchasing an additional 109 shares during the last quarter. Greenbush Financial Group LLC grew its stake in shares of Amazon.com by 5.2% in the 1st quarter. Greenbush Financial Group LLC now owns 12,208 shares of the e-commerce giant's stock valued at $2,323,000 after buying an additional 600 shares during the period. Bell Bank increased its holdings in shares of Amazon.com by 5.5% during the 1st quarter. Bell Bank now owns 65,806 shares of the e-commerce giant's stock worth $12,520,000 after buying an additional 3,446 shares during the last quarter. Finally, PKO Investment Management Joint Stock Co raised its position in shares of Amazon.com by 209.5% during the 1st quarter. PKO Investment Management Joint Stock Co now owns 130,000 shares of the e-commerce giant's stock valued at $24,734,000 after buying an additional 88,000 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In related news, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the transaction, the senior vice president directly owned 47,030 shares of the company's stock, valued at $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $9,876,930. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,426,963 shares of company stock valued at $757,297,707 over the last 90 days. Insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent analyst reports. Cantor Fitzgerald upped their price objective on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Citigroup restated a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a report on Friday, June 27th. Scotiabank cut their price objective on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Finally, Raymond James Financial restated an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $245.60.

Amazon.com Price Performance

Amazon.com stock opened at $223.13 on Friday. The stock has a market cap of $2.37 trillion, a P/E ratio of 36.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The company has a fifty day simple moving average of $206.44 and a 200-day simple moving average of $208.70. 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 12-month low of $151.61 and a 12-month high of $242.52.

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

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