Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Pure Financial Advisors LLC

Pure Financial Advisors LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 34.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,695 shares of the e-commerce giant’s stock after acquiring an additional 17,051 shares during the period. Pure Financial Advisors LLC’s holdings in Amazon.com were worth $12,689,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AMZN. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $35,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter worth approximately $40,000. Finally, Perritt Capital Management Inc lifted its stake in Amazon.com by 72.7% in the 4th 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 in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.3%

Shares of NASDAQ AMZN opened at $223.88 on Friday. The firm has a market cap of $2.38 trillion, a price-to-earnings ratio of 36.46, a PEG ratio of 1.67 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The business’s 50 day moving average is $212.84 and its two-hundred day moving average is $208.62.

Amazon.com (NASDAQ:AMZN) last announced its 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 net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

AMZN has been the topic of a number of research reports. DA Davidson cut their target price on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Evercore ISI cut their target price on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Wedbush reissued an “outperform” rating and issued a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Bank of America increased their target price on shares of Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a report on Monday, June 2nd. Finally, BNP Paribas raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $250.35.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew S. Garman sold 20,923 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders have sold a total of 14,335,232 shares of company stock worth $3,210,622,570 in the last 90 days. Company insiders own 9.70% of the company’s stock.

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.