Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,355 shares of the e-commerce giant’s stock after buying an additional 71 shares during the quarter. Amazon.com comprises about 3.5% of Pursue Wealth Partners LLC’s holdings, making the stock its 6th largest position. Pursue Wealth Partners LLC’s holdings in Amazon.com were worth $5,775,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Centerpoint Advisory Group increased its position in shares of Amazon.com by 1.9% during the first quarter. Centerpoint Advisory Group now owns 10,584 shares of the e-commerce giant’s stock worth $2,014,000 after acquiring an additional 201 shares in the last quarter. Moser Wealth Advisors LLC boosted its holdings in Amazon.com by 0.7% during the first quarter. Moser Wealth Advisors LLC now owns 71,140 shares of the e-commerce giant’s stock worth $13,535,000 after purchasing an additional 513 shares during the last quarter. Friday Financial purchased a new position in Amazon.com during the first quarter worth about $276,000. Rodgers & Associates LTD boosted its holdings in Amazon.com by 25.1% during the first quarter. Rodgers & Associates LTD now owns 1,692 shares of the e-commerce giant’s stock worth $322,000 after purchasing an additional 340 shares during the last quarter. Finally, Pennsylvania Capital Management Inc. ADV boosted its holdings in Amazon.com by 3.9% during the first quarter. Pennsylvania Capital Management Inc. ADV now owns 120,384 shares of the e-commerce giant’s stock worth $22,904,000 after purchasing an additional 4,551 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the sale, the senior vice president directly owned 47,030 shares of the company’s stock, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at approximately $9,876,930. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610 over the last quarter. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday. Stifel Nicolaus cut their price target on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Raymond James Financial restated an “outperform” rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Finally, Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $249.42.

Amazon.com Trading Up 1.2%

NASDAQ:AMZN opened at $225.02 on Monday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company’s 50-day simple moving average is $209.90 and its 200 day simple moving average is $208.36. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 36.65, a PEG ratio of 1.69 and a beta of 1.33.

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

Amazon.com Profile

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.