Retirement Guys Formula LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Retirement Guys Formula LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,967 shares of the e-commerce giant’s stock after acquiring an additional 402 shares during the quarter. Amazon.com comprises about 0.9% of Retirement Guys Formula LLC’s investment portfolio, making the stock its 25th biggest holding. Retirement Guys Formula LLC’s holdings in Amazon.com were worth $1,896,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the fourth quarter worth approximately $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter worth approximately $35,000. Perritt Capital Management Inc raised its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 80 shares during the last quarter. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the first quarter worth about $40,000. Finally, Capitol Family Office Inc. purchased a new position in Amazon.com during the 1st quarter valued at approximately $42,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several analyst reports. Truist Financial raised their target price on shares of Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Westpark Capital reissued a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Citigroup restated a “market outperform” rating on shares of Amazon.com in a research note on Thursday, July 10th. UBS Group restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company upped their price target on Amazon.com from $201.00 to $238.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $249.42.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the transaction, the chief executive officer directly owned 514,550 shares of the company’s stock, valued at $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,442,187 shares of the business’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $225.89, for a total value of $551,665,621.43. Following the completion of the transaction, the insider owned 895,279,901 shares in the company, valued at approximately $202,234,776,836.89. This trade represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,602,037 shares of company stock worth $3,044,172,641 over the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $226.35 on Wednesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 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 has a market capitalization of $2.40 trillion, a PE ratio of 36.86, a P/E/G ratio of 1.69 and a beta of 1.33. The company has a fifty day moving average of $211.52 and a two-hundred day moving average of $208.50.

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

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.