Root Financial Partners LLC Buys 6,820 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Root Financial Partners LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 28.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,973 shares of the e-commerce giant's stock after acquiring an additional 6,820 shares during the period. Amazon.com accounts for about 0.6% of Root Financial Partners LLC's portfolio, making the stock its 25th biggest position. Root Financial Partners LLC's holdings in Amazon.com were worth $5,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick bought a new position in shares of Amazon.com in the 4th quarter valued at $800,000. LaFleur & Godfrey LLC increased its stake in shares of Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after purchasing an additional 860 shares during the last quarter. Brighton Jones LLC increased its stake in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Amazon.com in the 4th quarter valued at $301,650,000. Finally, Revolve Wealth Partners LLC increased its stake in shares of Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after purchasing an additional 986 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,335,232 shares of company stock valued at $3,210,622,570. 10.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Benchmark reissued a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $230.00 to $266.00 in a report on Tuesday. Mizuho cut their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. DA Davidson cut their price objective on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Moffett Nathanson raised their price objective on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $253.98.

Amazon.com Stock Performance

Shares of AMZN opened at $227.47 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a 50 day moving average price of $213.50 and a two-hundred day moving average price of $208.51. The firm has a market capitalization of $2.41 trillion, a P/E ratio of 37.05, a P/E/G ratio of 1.71 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

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

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.

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