Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Shulman DeMeo Asset Management LLC

Shulman DeMeo Asset Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,307 shares of the e-commerce giant’s stock after purchasing an additional 59 shares during the period. Shulman DeMeo Asset Management LLC’s holdings in Amazon.com were worth $832,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AMZN. International Assets Investment Management LLC grew its holdings in Amazon.com by 6.2% during the 4th quarter. International Assets Investment Management LLC now owns 157,070 shares of the e-commerce giant’s stock valued at $23,865,000 after purchasing an additional 9,108 shares in the last quarter. Bison Wealth LLC grew its holdings in Amazon.com by 1.0% during the 4th quarter. Bison Wealth LLC now owns 79,653 shares of the e-commerce giant’s stock worth $12,102,000 after acquiring an additional 786 shares in the last quarter. TNF LLC grew its holdings in Amazon.com by 35.3% during the 4th quarter. TNF LLC now owns 7,336 shares of the e-commerce giant’s stock worth $1,183,000 after acquiring an additional 1,915 shares in the last quarter. Sippican Capital Advisors acquired a new position in Amazon.com during the 4th quarter worth $210,000. Finally, Bourgeon Capital Management LLC grew its holdings in Amazon.com by 0.3% during the 4th quarter. Bourgeon Capital Management LLC now owns 67,729 shares of the e-commerce giant’s stock worth $10,291,000 after acquiring an additional 212 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $200.36, for a total value of $246,241,037.48. Following the transaction, the insider now directly owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock valued at $1,220,621,322 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. Maxim Group raised their price objective on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Piper Sandler decreased their price objective on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Loop Capital raised their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Rosenblatt Securities raised their price target on shares of Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Sanford C. Bernstein raised their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus target price of $221.36.

Amazon.com Stock Performance

Shares of AMZN opened at $178.50 on Monday. The firm’s 50 day moving average is $182.68 and its 200-day moving average is $181.15. The stock has a market capitalization of $1.86 trillion, a P/E ratio of 50.00, a P/E/G ratio of 1.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Equities research analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

About Amazon.com

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.