Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Sierra Capital LLC

Key Points

• Sierra Capital LLC increased its holdings in Amazon.com, Inc. by 2.1%, acquiring an additional 1,400 shares, bringing its total ownership to 67,958 shares valued at approximately $12.93 million.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon stock, valued at approximately $960.66 million, which represents a 0.47% decrease in his position.
• Equities research analysts have raised their target prices for Amazon, with estimates ranging from $244.00 to $270.00, reflecting a generally optimistic outlook for the stock.

Sierra Capital LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 67,958 shares of the e-commerce giant's stock after buying an additional 1,400 shares during the quarter. Amazon.com comprises approximately 1.6% of Sierra Capital LLC's portfolio, making the stock its 17th biggest position. Sierra Capital LLC's holdings in Amazon.com were worth $12,930,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AMZN. NTV Asset Management LLC grew its stake in shares of Amazon.com by 4.1% during the 1st quarter. NTV Asset Management LLC now owns 31,407 shares of the e-commerce giant's stock valued at $5,976,000 after purchasing an additional 1,233 shares during the period. Geneva Partners LLC grew its stake in shares of Amazon.com by 1.4% during the 1st quarter. Geneva Partners LLC now owns 72,679 shares of the e-commerce giant's stock valued at $13,828,000 after purchasing an additional 971 shares during the period. Garrett Wealth Advisory Group LLC grew its stake in shares of Amazon.com by 0.8% during the 1st quarter. Garrett Wealth Advisory Group LLC now owns 12,058 shares of the e-commerce giant's stock valued at $2,294,000 after purchasing an additional 99 shares during the period. Lee Johnson Capital Management LLC grew its stake in shares of Amazon.com by 1.6% during the 1st quarter. Lee Johnson Capital Management LLC now owns 24,193 shares of the e-commerce giant's stock valued at $4,603,000 after purchasing an additional 373 shares during the period. Finally, Brown Financial Advisory bought a new stake in shares of Amazon.com during the 1st quarter valued at about $227,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 1.5%

Amazon.com stock traded up $3.07 during trading on Tuesday, reaching $214.72. 12,112,218 shares of the company were exchanged, compared to its average volume of 44,828,645. Amazon.com, Inc. has a 52-week low of $158.54 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a market capitalization of $2.28 trillion, a P/E ratio of 32.85, a PEG ratio of 1.57 and a beta of 1.31. The stock's 50 day simple moving average is $218.42 and its two-hundred day simple moving average is $208.93.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $161.80 billion. During the same quarter in the previous year, the business earned $1.26 earnings per share. The company's revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMZN. Needham & Company LLC restated a "buy" rating and set a $265.00 price target on shares of Amazon.com in a research note on Friday. DA Davidson lifted their price objective on Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research report on Friday. HSBC lifted their price objective on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective on the stock in a research report on Friday, June 27th. Finally, Citigroup lifted their price objective on Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and a consensus price target of $262.45.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction 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 sale, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 25,099,537 shares of company stock valued at $5,674,394,548. 10.80% of the stock is currently owned by insiders.

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.