FreeGulliver LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,195 shares of the e-commerce giant’s stock after selling 72 shares during the period. FreeGulliver LLC’s holdings in Amazon.com were worth $608,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the 4th quarter valued at $27,000. LSV Asset Management purchased a new position in Amazon.com in the fourth quarter valued at about $35,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the first quarter worth about $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter worth about $40,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Stock Up 3.1%
NASDAQ:AMZN opened at $228.84 on Friday. 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 $2.44 trillion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The stock has a 50-day simple moving average of $222.63 and a 200 day simple moving average of $208.07.
Insider Activity at Amazon.com
In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 4,784 shares of Amazon.com stock in a transaction on Friday, August 15th. The stock was sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the completion of the transaction, the chief executive officer directly owned 510,255 shares of the company’s stock, valued at approximately $118,542,441.60. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,012,284 shares of company stock worth $5,656,976,492. Corporate insiders own 9.70% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Wells Fargo & Company increased their price objective on shares of Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Cantor Fitzgerald boosted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Evercore ISI restated an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Wednesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $262.87.
Check Out Our Latest Stock Analysis on Amazon.com
Amazon.com Company 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.
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