Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Verity Asset Management Inc.

Verity Asset Management Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 73.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,468 shares of the e-commerce giant’s stock after buying an additional 6,972 shares during the quarter. Amazon.com accounts for about 1.3% of Verity Asset Management Inc.’s investment portfolio, making the stock its 15th largest holding. Verity Asset Management Inc.’s holdings in Amazon.com were worth $3,133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AMZN. Cable Hill Partners LLC grew its stake in Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after acquiring an additional 44 shares in the last quarter. Northern Capital Management Inc. lifted its holdings in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after purchasing an additional 45 shares during the last quarter. Balanced Wealth Group LLC lifted its holdings in shares of Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock worth $705,000 after buying an additional 48 shares during the last quarter. ETF Store Inc. lifted its holdings in shares of Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock worth $522,000 after buying an additional 48 shares during the last quarter. Finally, TD Capital Management LLC raised its stake in shares of Amazon.com by 1.6% in the fourth quarter. TD Capital Management LLC now owns 3,058 shares of the e-commerce giant’s stock valued at $671,000 after purchasing an additional 49 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMZN. JMP Securities upped their price target on Amazon.com from $250.00 to $285.00 and gave the company a “market outperform” rating in a research report on Thursday, July 10th. Morgan Stanley raised their price target on Amazon.com from $250.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Piper Sandler set a $250.00 target price on Amazon.com and gave the stock an “overweight” rating in a report on Friday, July 11th. The Goldman Sachs Group cut their price objective on Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 target price on the stock in a research note on Friday, June 27th. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.33.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on 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. The trade was a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,339,470 shares of Amazon.com stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $229.39, for a total value of $536,651,023.30. Following the completion of the transaction, the insider directly owned 887,933,999 shares in the company, valued at $203,683,180,030.61. This trade represents a 0.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,947,939 shares of company stock worth $4,720,588,785. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Up 0.4%

Shares of NASDAQ:AMZN opened at $228.29 on Thursday. The company has a market capitalization of $2.42 trillion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33. 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 business has a fifty day moving average price of $214.60 and a two-hundred day moving average price of $208.81. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted 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. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 EPS. Analysts forecast 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.