Dogwood Wealth Management LLC Buys 327 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Dogwood Wealth Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,916 shares of the e-commerce giant’s stock after purchasing an additional 327 shares during the period. Dogwood Wealth Management LLC’s holdings in Amazon.com were worth $1,506,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brick & Kyle Associates increased its holdings in Amazon.com by 1.1% during the first quarter. Brick & Kyle Associates now owns 48,691 shares of the e-commerce giant’s stock valued at $9,225,000 after buying an additional 541 shares during the last quarter. Principal Securities Inc. increased its holdings in Amazon.com by 0.7% during the first quarter. Principal Securities Inc. now owns 269,503 shares of the e-commerce giant’s stock valued at $51,276,000 after buying an additional 1,876 shares during the last quarter. Prodigy Asset Management LLC purchased a new stake in Amazon.com during the first quarter valued at approximately $202,000. Financial Symmetry Inc increased its holdings in Amazon.com by 5.6% during the first quarter. Financial Symmetry Inc now owns 3,357 shares of the e-commerce giant’s stock valued at $639,000 after buying an additional 178 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in Amazon.com by 3.3% during the first quarter. Linden Thomas Advisory Services LLC now owns 3,630 shares of the e-commerce giant’s stock valued at $691,000 after buying an additional 115 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMZN. Pivotal Research upped their target price on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday. Robert W. Baird increased their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. JMP Securities reissued a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday. Truist Financial increased their price objective on shares of Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, Scotiabank increased their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $262.45.

Amazon.com Price Performance

AMZN stock opened at $211.65 on Tuesday. The company has a fifty day simple moving average of $218.42 and a two-hundred day simple moving average of $208.93. The firm has a market capitalization of $2.25 trillion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business earned $1.26 EPS. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. 10.80% of the stock is currently owned by company insiders.

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.