Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Coyle Financial Counsel LLC

Coyle Financial Counsel LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,794 shares of the e-commerce giant’s stock after purchasing an additional 800 shares during the quarter. Coyle Financial Counsel LLC’s holdings in Amazon.com were worth $1,012,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Bridgefront Capital LLC purchased a new stake in shares of Amazon.com during the 1st quarter valued at $228,000. Krane Funds Advisors LLC boosted its holdings in Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares during the last quarter. Range Financial Group LLC purchased a new stake in Amazon.com during the first quarter valued at about $258,000. My Personal CFO LLC acquired a new stake in Amazon.com during the first quarter worth about $261,000. Finally, Worth Asset Management LLC purchased a new position in shares of Amazon.com in the 1st quarter worth about $191,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $139.48, for a total transaction of $557,920.00. Following the completion of the transaction, the chief executive officer now owns 526,316 shares in the company, valued at approximately $73,410,555.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total value of $22,951,500.00. Following the completion of the transaction, the insider now directly owns 12,741,445 shares in the company, valued at $248,458,177.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $139.48, for a total value of $557,920.00. Following the sale, the chief executive officer now directly owns 526,316 shares in the company, valued at approximately $73,410,555.68. The disclosure for this sale can be found here. Insiders have sold a total of 1,365,829 shares of company stock worth $49,002,857 in the last three months. 12.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AMZN shares. Canaccord Genuity Group boosted their target price on Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Credit Suisse Group increased their price objective on shares of Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Piper Sandler lifted their target price on shares of Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, August 24th. Jefferies Financial Group increased their price target on Amazon.com from $135.00 to $150.00 in a report on Wednesday, June 21st. Finally, Roth Mkm upped their target price on Amazon.com from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $160.87.

Amazon.com Stock Performance

AMZN stock opened at $135.36 on Thursday. The stock’s fifty day moving average is $133.41 and its two-hundred day moving average is $116.96. The stock has a market capitalization of $1.40 trillion, a price-to-earnings ratio of 106.58, a PEG ratio of 1.83 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $143.63.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The firm had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. On average, research analysts predict that Amazon.com, Inc. will post 2.23 EPS for the current year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.