2,107 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Define Financial LLC

Define Financial LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,107 shares of the e-commerce giant’s stock, valued at approximately $389,000. Amazon.com comprises about 0.3% of Define Financial LLC’s portfolio, making the stock its 16th biggest position.

Several other large investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in Amazon.com by 2.7% in the 1st quarter. Fifth Third Bancorp now owns 3,850,838 shares of the e-commerce giant’s stock worth $732,660,000 after acquiring an additional 99,649 shares during the last quarter. Simon Quick Advisors LLC grew its holdings in Amazon.com by 24.0% during the 1st quarter. Simon Quick Advisors LLC now owns 191,715 shares of the e-commerce giant’s stock valued at $36,476,000 after buying an additional 37,162 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in Amazon.com by 2.2% during the 1st quarter. Capital Advisors Ltd. LLC now owns 12,540 shares of the e-commerce giant’s stock valued at $2,386,000 after buying an additional 267 shares in the last quarter. Echo45 Advisors LLC grew its holdings in Amazon.com by 5.6% during the 1st quarter. Echo45 Advisors LLC now owns 6,387 shares of the e-commerce giant’s stock valued at $1,215,000 after buying an additional 338 shares in the last quarter. Finally, Arvest Investments Inc. purchased a new position in Amazon.com during the 1st quarter valued at about $1,361,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 over the last quarter. 9.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Wedbush reiterated an “outperform” rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Tigress Financial increased their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Finally, Moffett Nathanson increased their price objective on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $245.64.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $217.12 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.31 trillion, a PE ratio of 35.36, a P/E/G ratio of 1.60 and a beta of 1.33. The business has a 50 day moving average of $201.25 and a 200 day moving average of $209.02. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.