Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Black Diamond Financial LLC

Black Diamond Financial LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,781 shares of the e-commerce giant’s stock after purchasing an additional 156 shares during the quarter. Black Diamond Financial LLC’s holdings in Amazon.com were worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several analyst reports. Susquehanna raised their price target on shares of Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research note on Friday. Benchmark reiterated a “buy” rating and set a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday. Piper Sandler raised their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $262.45.

Get Our Latest Report on Amazon.com

Amazon.com Stock Down 8.3%

Amazon.com stock opened at $214.75 on Monday. The firm has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 1.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a fifty day moving average price of $218.20 and a two-hundred day moving average price of $209.03.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 25,099,537 shares of company stock worth $5,674,394,548. 10.80% of the stock is owned by insiders.

Amazon.com Company Profile

(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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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