Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Sandbox Financial Partners LLC

Sandbox Financial Partners LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,701 shares of the e-commerce giant’s stock after buying an additional 1,499 shares during the quarter. Amazon.com comprises 5.8% of Sandbox Financial Partners LLC’s holdings, making the stock its 4th biggest position. Sandbox Financial Partners LLC’s holdings in Amazon.com were worth $13,835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Collective Family Office LLC lifted its holdings in shares of Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after buying an additional 819 shares in the last quarter. Members Trust Co raised its stake in Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after purchasing an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC raised its stake in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp raised its stake in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares in the last quarter. Finally, Nicholas Company Inc. raised its stake in Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the completion of the sale, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The disclosure for this sale can be found here. Insiders have sold 66,548 shares of company stock valued at $12,180,239 over the last ninety days. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of AMZN opened at $197.20 on Tuesday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $199.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The business’s 50 day moving average price is $183.87 and its two-hundred day moving average price is $173.28. The firm has a market cap of $2.05 trillion, a PE ratio of 55.24, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. Amazon.com’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of analyst reports. Moffett Nathanson reaffirmed a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a research note on Thursday, April 11th. Wells Fargo & Company boosted their price target on Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America boosted their price target on Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Maxim Group dropped their price target on Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $205.00 target price on shares of Amazon.com in a research report on Monday. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $215.86.

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.