Rossby Financial LCC Acquires 2,433 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Rossby Financial LCC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 36.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,185 shares of the e-commerce giant's stock after buying an additional 2,433 shares during the quarter. Amazon.com makes up approximately 0.7% of Rossby Financial LCC's portfolio, making the stock its 24th largest holding. Rossby Financial LCC's holdings in Amazon.com were worth $1,736,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC lifted its stake in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after buying an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after buying an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after buying an additional 4,087,933 shares during the period. Finally, Norges Bank purchased a new position in Amazon.com in the 4th quarter valued at approximately $27,266,582,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on 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 sale, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 25,102,037 shares of company stock valued at $5,674,871,223 over the last ninety days. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $231.44 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock has a 50 day moving average price of $215.66 and a two-hundred day moving average price of $208.82. The company has a market capitalization of $2.46 trillion, a P/E ratio of 37.69, a PEG ratio of 1.72 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $154.96 billion. During the same quarter in the prior year, the company posted $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Mizuho cut their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Truist Financial lifted their target price on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Tigress Financial increased their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. BMO Capital Markets raised their price objective on shares of Amazon.com from $233.00 to $270.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $240.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.33.

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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