Montis Financial LLC Has $1.43 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Montis Financial LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,494 shares of the e-commerce giant's stock after selling 1,462 shares during the quarter. Montis Financial LLC's holdings in Amazon.com were worth $1,426,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Frederick Financial Consultants LLC boosted its holdings in Amazon.com by 21.6% in the 1st quarter. Frederick Financial Consultants LLC now owns 4,429 shares of the e-commerce giant's stock worth $843,000 after acquiring an additional 788 shares during the period. Archvest Wealth Advisors Inc. boosted its holdings in Amazon.com by 8.5% in the 1st quarter. Archvest Wealth Advisors Inc. now owns 9,771 shares of the e-commerce giant's stock worth $1,859,000 after acquiring an additional 765 shares during the period. Woodward Diversified Capital LLC raised its position in shares of Amazon.com by 3.5% in the 1st quarter. Woodward Diversified Capital LLC now owns 17,009 shares of the e-commerce giant's stock valued at $3,236,000 after purchasing an additional 581 shares in the last quarter. Dynasty Wealth Management LLC raised its position in shares of Amazon.com by 46.7% in the 1st quarter. Dynasty Wealth Management LLC now owns 61,511 shares of the e-commerce giant's stock valued at $11,703,000 after purchasing an additional 19,571 shares in the last quarter. Finally, Ascent Wealth Partners LLC raised its position in shares of Amazon.com by 2.9% in the 1st quarter. Ascent Wealth Partners LLC now owns 46,522 shares of the e-commerce giant's stock valued at $8,851,000 after purchasing an additional 1,306 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

AMZN traded up $0.05 during midday trading on Friday, reaching $231.03. The company's stock had a trading volume of 39,600,434 shares, compared to its average volume of 47,994,872. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The stock has a market cap of $2.46 trillion, a P/E ratio of 35.22, a PEG ratio of 1.56 and a beta of 1.31. The company has a fifty day simple moving average of $221.41 and a 200 day simple moving average of $208.44. 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 (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the firm earned $1.26 EPS. Amazon.com's revenue for the quarter was up 13.3% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm'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 transaction of $542,500.00. Following the completion of the transaction, the chief executive officer owned 512,050 shares in the company, valued at $111,114,850. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,096,253 shares of company stock worth $5,673,745,409 in the last three months. 9.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMZN. Benchmark reaffirmed a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Cantor Fitzgerald upped their target price on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Monness Crespi & Hardt upped their price target on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, August 1st. DA Davidson upped their price target on Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Wall Street Zen raised Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Buy" and a consensus target price of $262.87.

About Amazon.com

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.