Amazon.com, Inc. $AMZN Shares Bought by Counterweight Ventures LLC

Counterweight Ventures LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,589 shares of the e-commerce giant’s stock after buying an additional 402 shares during the quarter. Amazon.com comprises about 3.1% of Counterweight Ventures LLC’s holdings, making the stock its 7th largest position. Counterweight Ventures LLC’s holdings in Amazon.com were worth $4,298,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC lifted its stake in shares of Amazon.com by 143.6% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 3,640 shares of the e-commerce giant’s stock valued at $693,000 after buying an additional 2,146 shares in the last quarter. Elyxium Wealth LLC lifted its stake in shares of Amazon.com by 50.9% in the first quarter. Elyxium Wealth LLC now owns 28,579 shares of the e-commerce giant’s stock valued at $5,437,000 after buying an additional 9,639 shares in the last quarter. OneAscent Family Office LLC lifted its stake in shares of Amazon.com by 306.3% in the first quarter. OneAscent Family Office LLC now owns 12,542 shares of the e-commerce giant’s stock valued at $2,398,000 after buying an additional 9,455 shares in the last quarter. Foundry Financial Group Inc. lifted its stake in shares of Amazon.com by 15.7% in the first quarter. Foundry Financial Group Inc. now owns 1,744 shares of the e-commerce giant’s stock valued at $332,000 after buying an additional 237 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its stake in shares of Amazon.com by 1.4% in the first quarter. Cassaday & Co Wealth Management LLC now owns 74,035 shares of the e-commerce giant’s stock valued at $14,086,000 after buying an additional 998 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Amazon.com stock opened at $231.03 on Monday. The firm’s 50 day simple moving average is $221.41 and its 200 day simple moving average is $208.26. 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 has a market capitalization of $2.46 trillion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

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

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on AMZN. Cowen reissued a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. DA Davidson raised their price target on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Moffett Nathanson raised their price target on shares of Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research report on Tuesday, June 24th. Truist Financial raised their price target on shares of Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com 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 stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average target price of $262.87.

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.