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XML Financial LLC Purchases 1,369 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

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XML Financial LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,988 shares of the e-commerce giant's stock after buying an additional 1,369 shares during the quarter. Amazon.com accounts for about 1.0% of XML Financial LLC's investment portfolio, making the stock its 26th largest position. XML Financial LLC's holdings in Amazon.com were worth $10,462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Cable Hill Partners LLC grew its holdings in shares of Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after purchasing an additional 44 shares in the last quarter. Northern Capital Management Inc. lifted its stake in Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after acquiring an additional 45 shares during the last quarter. White Wing Wealth Management lifted its position in shares of Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after buying an additional 47 shares during the last quarter. Balanced Wealth Group LLC lifted its position in shares of Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after buying an additional 48 shares during the last quarter. Finally, ETF Store Inc. lifted its position in shares of Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Up 0.3%

AMZN traded up $0.69 during trading on Thursday, reaching $223.88. The company had a trading volume of 31,769,801 shares, compared to its average volume of 42,044,088. The firm's 50-day simple moving average is $212.84 and its 200 day simple moving average is $208.62. The company has a market cap of $2.38 trillion, a price-to-earnings ratio of 36.46, a PEG ratio of 1.67 and a beta of 1.33. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. 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 (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping 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 firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter last year, the business posted $0.98 EPS. Amazon.com's revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,335,232 shares of company stock worth $3,210,622,570. Company insiders own 9.70% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on AMZN. Wells Fargo & Company boosted their price objective on shares of Amazon.com from $201.00 to $238.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, July 10th. Royal Bank Of Canada lowered their price objective on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Truist Financial upped their target price on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Barclays reduced their target price on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $250.35.

Check Out Our Latest Stock Report on Amazon.com

Amazon.com Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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