Menard Financial Group LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 17.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,864 shares of the e-commerce giant’s stock after acquiring an additional 5,375 shares during the period. Amazon.com comprises about 4.5% of Menard Financial Group LLC’s holdings, making the stock its 4th largest holding. Menard Financial Group LLC’s holdings in Amazon.com were worth $6,635,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after purchasing an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after acquiring an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE boosted its stake in shares of Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after acquiring an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new stake in shares of Amazon.com during the 4th quarter worth about $2,153,000. 72.20% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Trading Down 1.1%
Shares of AMZN opened at $229.00 on Friday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.54 and a beta of 1.31. The stock’s 50-day moving average price is $224.25 and its 200 day moving average price is $207.95.
Insider Activity at Amazon.com
In other 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 stock was 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 of the company’s stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 25,097,911 shares of company stock valued at $5,675,986,299. 9.70% of the stock is owned by insiders.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Pivotal Research boosted their target price on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Citizens Jmp assumed coverage on Amazon.com in a report on Thursday, July 10th. They issued a “strong-buy” rating for the company. Susquehanna boosted their target price on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a report on Friday, August 1st. Oppenheimer reduced their target price on Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Finally, Zacks Research lowered Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $262.87.
Check Out Our Latest Report 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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