Requisite Capital Management LLC Invests $206,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Requisite Capital Management LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,140 shares of the e-commerce giant’s stock, valued at approximately $206,000.

Several other institutional investors also recently modified their holdings of the business. Ridgecrest Wealth Partners LLC raised its holdings in shares of Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after acquiring an additional 56 shares during the last quarter. Stordahl Capital Management Inc. raised its holdings in shares of Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after acquiring an additional 56 shares during the last quarter. Echo45 Advisors LLC raised its holdings in shares of Amazon.com by 0.9% during the first quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock valued at $1,194,000 after acquiring an additional 59 shares during the last quarter. ShoreHaven Wealth Partners LLC raised its holdings in shares of Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after acquiring an additional 60 shares during the last quarter. Finally, O Dell Group LLC raised its holdings in shares of Amazon.com by 0.5% during the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock valued at $2,064,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMZN. Barclays increased their target price on Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Morgan Stanley increased their price target on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Piper Sandler increased their price target on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Raymond James increased their price target on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. Finally, Monness Crespi & Hardt increased their price target on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $217.38.

Read Our Latest Stock Report on Amazon.com

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the sale, the insider now owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The disclosure for this sale can be found here. Insiders sold 5,847,094 shares of company stock valued at $1,169,058,874 in the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.2 %

Shares of NASDAQ AMZN opened at $199.79 on Thursday. The company has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 55.96, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The business has a 50-day moving average of $187.26 and a two-hundred day moving average of $175.75. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. On average, analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Amazon.com Company 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.

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

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