Amazon.com, Inc. (NASDAQ:AMZN) Position Raised by Woodward Diversified Capital LLC

Woodward Diversified Capital LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,009 shares of the e-commerce giant’s stock after purchasing an additional 581 shares during the period. Amazon.com comprises approximately 2.3% of Woodward Diversified Capital LLC’s investment portfolio, making the stock its 8th largest holding. Woodward Diversified Capital LLC’s holdings in Amazon.com were worth $3,236,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc lifted its position in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new position in Amazon.com in the 1st quarter valued at $40,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMZN shares. Benchmark restated a “buy” rating and issued a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Truist Financial raised their price target 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. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Barclays raised their target price on shares of Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Monness Crespi & Hardt lifted their price objective on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average target price of $262.87.

Amazon.com Trading Up 2.9%

Shares of Amazon.com stock opened at $230.98 on Friday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market capitalization of $2.46 trillion, a P/E ratio of 35.21, a PEG ratio of 1.51 and a beta of 1.31. The company’s fifty day moving average is $221.06 and its two-hundred day moving average is $208.69.

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

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction 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 transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 25,096,253 shares of company stock valued at $5,673,745,409. Company 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.