Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Raised by Stordahl Capital Management Inc.

Stordahl Capital Management Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,054 shares of the e-commerce giant’s stock after acquiring an additional 93 shares during the quarter. Stordahl Capital Management Inc.’s holdings in Amazon.com were worth $581,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMZN. Norges Bank purchased a new stake in Amazon.com in the 4th quarter worth about $27,266,582,000. GAMMA Investing LLC raised its holdings in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after buying an additional 30,104,520 shares in the last quarter. Capital World Investors raised its holdings in Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after buying an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. raised its holdings in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. Finally, Capital International Investors increased its stake in shares of Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock worth $12,564,961,000 after purchasing an additional 12,000,745 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent research reports. Roth Capital set a $250.00 target price on Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Tigress Financial upped their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Monness Crespi & Hardt raised their target price on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 1st. UBS Group restated a “buy” rating and issued a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $262.87.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409 over the last quarter. Company insiders own 9.70% of the company’s stock.

Amazon.com Stock Up 0.0%

Shares of AMZN opened at $231.03 on Friday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The firm’s 50 day moving average is $221.41 and its 200-day moving average is $208.44. The stock has a market capitalization of $2.46 trillion, a PE ratio of 35.22, a P/E/G ratio of 1.56 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.

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

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.