BridgePort Financial Solutions LLC Purchases 114 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

BridgePort Financial Solutions LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,774 shares of the e-commerce giant’s stock after purchasing an additional 114 shares during the quarter. BridgePort Financial Solutions LLC’s holdings in Amazon.com were worth $1,860,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc boosted its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,442,187 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $225.89, for a total transaction of $551,665,621.43. Following the completion of the sale, the insider owned 895,279,901 shares in the company, valued at $202,234,776,836.89. This trade represents a 0.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 13,602,037 shares of company stock valued at $3,044,172,641. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $226.35 on Wednesday. The firm’s fifty day moving average is $211.52 and its two-hundred day moving average is $208.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.86, a PEG ratio of 1.69 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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 company had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMZN. Wedbush reiterated an “outperform” rating and issued a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. DA Davidson lowered their price target on Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 14th. Moffett Nathanson boosted their price target on Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a report on Tuesday, June 24th. Citizens Jmp began coverage on Amazon.com in a report on Thursday, July 10th. They issued a “strong-buy” rating for the company. Finally, Barclays lowered their price target on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Three equities research 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.