Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Quilter Plc

Quilter Plc lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,681,355 shares of the e-commerce giant's stock after purchasing an additional 17,829 shares during the period. Amazon.com makes up about 6.6% of Quilter Plc's holdings, making the stock its 2nd biggest position. Quilter Plc's holdings in Amazon.com were worth $319,895,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at $27,000. LSV Asset Management purchased a new position in shares of Amazon.com during the fourth quarter valued at $35,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com during the first quarter valued at $40,000. Finally, Perritt Capital Management Inc grew its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 20,947,939 shares of company stock worth $4,720,588,785. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $3.94 during trading hours on Thursday, hitting $232.23. 42,816,976 shares of the company's stock were exchanged, compared to its average volume of 40,781,048. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 37.82, a PEG ratio of 1.70 and a beta of 1.33. The company's 50-day moving average price is $215.14 and its 200-day moving average price is $208.84.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMZN. BMO Capital Markets lifted their price target on Amazon.com from $233.00 to $270.00 and gave the company an "outperform" rating in a report on Tuesday. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an "outperform" rating in a report on Tuesday, July 1st. The Goldman Sachs Group lowered their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Truist Financial lifted their price target on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen downgraded Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $254.33.

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.