Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Bosman Wealth Management LLC

Bosman Wealth Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 58.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,799 shares of the e-commerce giant’s stock after acquiring an additional 7,651 shares during the quarter. Amazon.com makes up 4.0% of Bosman Wealth Management LLC’s portfolio, making the stock its 9th largest holding. Bosman Wealth Management LLC’s holdings in Amazon.com were worth $3,957,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covey Capital Advisors LLC increased its stake in shares of Amazon.com by 0.6% in the first quarter. Covey Capital Advisors LLC now owns 17,103 shares of the e-commerce giant’s stock valued at $3,254,000 after buying an additional 98 shares in the last quarter. MJP Associates Inc. ADV lifted its holdings in Amazon.com by 0.8% in the first quarter. MJP Associates Inc. ADV now owns 33,472 shares of the e-commerce giant’s stock valued at $6,368,000 after buying an additional 262 shares during the period. Bernardo Wealth Planning LLC increased its holdings in Amazon.com by 2.1% in the first quarter. Bernardo Wealth Planning LLC now owns 17,594 shares of the e-commerce giant’s stock valued at $3,347,000 after purchasing an additional 356 shares during the last quarter. Cerity Partners LLC raised its position in shares of Amazon.com by 17.0% in the 1st quarter. Cerity Partners LLC now owns 4,225,701 shares of the e-commerce giant’s stock valued at $803,982,000 after acquiring an additional 613,611 shares during the period. Finally, Phillips Financial Management LLC boosted its position in shares of Amazon.com by 3.8% during the first quarter. Phillips Financial Management LLC now owns 7,207 shares of the e-commerce giant’s stock worth $1,371,000 after purchasing an additional 264 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the subject of several research analyst reports. Wall Street Zen upgraded Amazon.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. DA Davidson upped their target price on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Mizuho dropped their price objective on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Monness Crespi & Hardt increased their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a research note on Friday, August 1st. One research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $262.45.

Amazon.com Stock Performance

Shares of AMZN opened at $222.19 on Thursday. The stock has a market capitalization of $2.37 trillion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 1.44 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm’s fifty day simple moving average is $218.92 and its two-hundred day simple moving average is $209.05. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The company 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%. Amazon.com’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.26 EPS. As a group, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,102,037 shares of company stock valued at $5,674,937,048. Corporate insiders own 9.70% of the company’s stock.

Amazon.com 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.