Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Signet Financial Management LLC

Signet Financial Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,480 shares of the e-commerce giant’s stock after acquiring an additional 1,088 shares during the quarter. Signet Financial Management LLC’s holdings in Amazon.com were worth $5,859,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Sandbox Financial Partners LLC increased its stake in Amazon.com by 2.0% in the first quarter. Sandbox Financial Partners LLC now owns 76,701 shares of the e-commerce giant’s stock valued at $13,835,000 after purchasing an additional 1,499 shares during the last quarter. WealthCare Investment Partners LLC increased its stake in Amazon.com by 11.8% in the first quarter. WealthCare Investment Partners LLC now owns 3,472 shares of the e-commerce giant’s stock valued at $626,000 after purchasing an additional 366 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in Amazon.com by 35.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 84,407 shares of the e-commerce giant’s stock valued at $15,225,000 after purchasing an additional 21,998 shares during the last quarter. S.A. Mason LLC increased its stake in Amazon.com by 11.5% in the first quarter. S.A. Mason LLC now owns 3,219 shares of the e-commerce giant’s stock valued at $581,000 after purchasing an additional 332 shares during the last quarter. Finally, Affiance Financial LLC increased its stake in Amazon.com by 4.3% in the first quarter. Affiance Financial LLC now owns 10,690 shares of the e-commerce giant’s stock valued at $1,928,000 after purchasing an additional 436 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Argus increased their price target on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Bank of America raised their target price on shares of Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Telsey Advisory Group raised their target price on shares of Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Mizuho raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Truist Financial raised their target price on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $215.86.

Insider Activity

In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP David Zapolsky sold 4,710 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Insiders sold a total of 66,548 shares of company stock valued at $12,180,239 in the last 90 days. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

Amazon.com stock opened at $197.20 on Tuesday. The firm’s 50-day simple moving average is $183.87 and its 200 day simple moving average is $173.28. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $199.84. The firm has a market capitalization of $2.05 trillion, a PE ratio of 55.24, a P/E/G ratio of 1.38 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

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

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.