Whelan Financial Buys 1,718 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Whelan Financial increased its holdings in Amazon.com, acquiring an additional 1,718 shares, which brings its total holdings to 9,569 shares worth approximately $1.82 million.
• Amazon's stock received a mix of ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $255.52.
• In a recent insider transaction, Jeffrey P. Bezos sold over 4.27 million shares of Amazon, reducing his stake slightly, while insiders collectively sold approximately 25 million shares in the past 90 days.

Whelan Financial grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,569 shares of the e-commerce giant's stock after purchasing an additional 1,718 shares during the period. Amazon.com makes up 0.7% of Whelan Financial's portfolio, making the stock its 15th biggest holding. Whelan Financial's holdings in Amazon.com were worth $1,821,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Burke & Herbert Bank & Trust Co. grew its position in Amazon.com by 2.7% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 13,512 shares of the e-commerce giant's stock worth $2,571,000 after acquiring an additional 360 shares in the last quarter. Sharp Financial Services LLC grew its position in Amazon.com by 31.2% in the first quarter. Sharp Financial Services LLC now owns 4,383 shares of the e-commerce giant's stock worth $834,000 after acquiring an additional 1,043 shares in the last quarter. Novare Capital Management LLC grew its position in Amazon.com by 1.9% in the first quarter. Novare Capital Management LLC now owns 133,875 shares of the e-commerce giant's stock worth $25,471,000 after acquiring an additional 2,462 shares in the last quarter. Adell Harriman & Carpenter Inc. grew its position in Amazon.com by 0.3% in the first quarter. Adell Harriman & Carpenter Inc. now owns 216,145 shares of the e-commerce giant's stock worth $41,124,000 after acquiring an additional 639 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in Amazon.com by 41.9% in the first quarter. Concurrent Investment Advisors LLC now owns 410,809 shares of the e-commerce giant's stock worth $78,160,000 after acquiring an additional 121,236 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

AMZN traded down $19.36 during trading on Friday, hitting $214.75. The company's stock had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market cap of $2.28 trillion, a PE ratio of 32.74, a P/E/G ratio of 1.59 and a beta of 1.31. The business's 50 day simple moving average is $218.20 and its 200-day simple moving average is $209.21.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 24.90%. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the firm earned $1.26 EPS. The company's revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 25,099,537 shares of company stock worth $5,674,394,548. 9.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Morgan Stanley reissued an "overweight" rating on shares of Amazon.com in a research note on Monday, July 28th. Robert W. Baird boosted their price target on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. DA Davidson boosted their price target on shares of Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday. Moffett Nathanson boosted their price target on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Finally, Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $260.85.

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.