Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Trek Financial LLC

Key Points

• Trek Financial LLC increased its holdings in Amazon.com, raising its shares by 38.3% during the first quarter, now owning a total of 48,363 shares valued at approximately $9.2 million.
• Amazon reported quarterly earnings of $1.68 per share, surpassing estimates and showing significant revenue growth of 13.3% year-over-year, totaling $167.7 billion.
• Research forecasts for Amazon are strong, with an average target price of $262.45 and a majority of analysts issuing 'buy' ratings, indicating confidence in the company's future performance.

Trek Financial LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 38.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 48,363 shares of the e-commerce giant's stock after purchasing an additional 13,387 shares during the period. Trek Financial LLC's holdings in Amazon.com were worth $9,202,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $35,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the 1st quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Amazon.com during the 1st quarter worth approximately $40,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AMZN shares. Jefferies Financial Group increased their target price on Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Wells Fargo & Company increased their target price on Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Monness Crespi & Hardt increased their target price on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday. Roth Capital set a $250.00 price objective on Amazon.com and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Barclays raised their price objective on Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $262.45.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated 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 in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 25,099,537 shares of company stock valued at $5,674,394,548 in the last three months. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Up 1.5%

NASDAQ:AMZN traded up $3.07 during mid-day trading on Tuesday, reaching $214.72. The stock had a trading volume of 12,112,218 shares, compared to its average volume of 44,828,645. The company has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. Amazon.com, Inc. has a 1-year low of $158.54 and a 1-year high of $242.52. The stock's 50 day simple moving average is $218.42 and its two-hundred day simple moving average is $208.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $1.26 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.