Embree Financial Group Acquires 1,057 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Embree Financial Group grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,618 shares of the e-commerce giant’s stock after acquiring an additional 1,057 shares during the quarter. Amazon.com accounts for approximately 1.0% of Embree Financial Group’s investment portfolio, making the stock its 24th biggest position. Embree Financial Group’s holdings in Amazon.com were worth $6,016,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the fourth quarter worth $27,000. LSV Asset Management bought a new stake in Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc lifted its stake in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at approximately $40,000. Finally, Capitol Family Office Inc. acquired a new stake in shares of Amazon.com in the 1st quarter valued at approximately $42,000. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer owned 514,550 shares of the company’s stock, valued at $113,231,873. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 384,124 shares of Amazon.com stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $224.02, for a total transaction of $86,051,458.48. Following the completion of the transaction, the insider directly owned 901,995,325 shares of the company’s stock, valued at $202,064,992,706.50. This trade represents a 0.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,886,613 shares of company stock valued at $1,531,840,610 in the last three months. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $225.69 on Tuesday. 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 quick ratio of 0.84 and a current ratio of 1.05. The company has a 50 day moving average price of $210.69 and a 200 day moving average price of $208.38. The firm has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 36.76, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their price target on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Benchmark restated a “buy” rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Needham & Company LLC restated a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Truist Financial boosted their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company boosted their price objective on Amazon.com from $201.00 to $238.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.42.

Amazon.com Company 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.