Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Castlekeep Investment Advisors LLC bought a new position in Amazon.com during the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management bought a new stake in Amazon.com during the fourth quarter worth about $35,000. Inlight Wealth Management LLC bought a new stake in Amazon.com during the first quarter worth about $40,000. Finally, Perritt Capital Management Inc increased its holdings 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 worth $42,000 after buying an additional 80 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

AMZN has been the topic of a number of research analyst reports. Mizuho reduced their price target on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Stifel Nicolaus reduced their target price on Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Royal Bank Of Canada reduced their target price on Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Jefferies Financial Group cut their price target on Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the stock an “outperform” rating in a research note on Tuesday, July 1st. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $249.42.

Check Out Our Latest Report on AMZN

Shares of NASDAQ:AMZN opened at $225.02 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market capitalization of $2.39 trillion, a P/E ratio of 36.65, a PEG ratio of 1.69 and a beta of 1.33. The firm has a fifty day simple moving average of $209.90 and a two-hundred day simple moving average of $208.49. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the business posted $0.98 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

In related news, VP Shelley Reynolds sold 2,695 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president owned 119,780 shares in the company, valued at $24,050,626.20. The trade was a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 384,124 shares of the company’s stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $224.02, for a total transaction of $86,051,458.48. Following the transaction, the insider owned 901,995,325 shares in the company, valued at $202,064,992,706.50. The trade was a 0.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,886,613 shares of company stock worth $1,531,840,610. 9.70% of the stock is owned by company insiders.

(Free Report)

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.

Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

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