Amazon.com, Inc. (NASDAQ:AMZN) Shares purchased by First Trust Direct Indexing LP

First Trust Direct Indexing LP increased its position in shares of Amazon.com, Inc., according to its latest disclosure to the Securities and Exchange Commission. (NASDAQ:AMZN) up 11.6% in the fourth quarter. The fund owned 177,231 shares of the e-commerce giant after purchasing an additional 18,451 shares during the period. Amazon.com represents approximately 2.4% of First Trust Direct Indexing LP’s investment portfolio, making it the fourth-largest. At the end of the last reporting period, the value of First Trust Direct Indexing LP’s shares in Amazon.com was USD 26,928,000.

Several other institutional investors and hedge funds have also recently increased or reduced their stakes in the company. Rowlandmiller & PARTNERS.ADV increased its holdings in Amazon.com by 6.8% in the third quarter. Rowlandmiller & PARTNERS.ADV now owns 10,020 shares of the e-commerce giant’s stock valued at $1,274,000 after purchasing an additional 635 shares in the last quarter. Kanawha Capital Management LLC increased its position in shares of Amazon.com by 1.4% during the third quarter. Kanawha Capital Management LLC now owns 32,783 shares of the e-commerce giant’s stock valued at $4,167,000 after purchasing an additional 450 shares during the period. NBT Bank NA NY increased its holdings in Amazon.com by 554.7% in the 3rd quarter. NBT Bank NA NY now owns 137,155 shares of the e-commerce giant’s stock valued at $17,435,000 after purchasing an additional 116,205 shares in the last quarter. River Street Advisors LLC increased its holdings in Amazon.com by 2.3% during the 3rd quarter. River Street Advisors LLC now owns 8,349 shares of the e-commerce giant’s stock valued at $1,061,000 after acquiring an additional 189 shares during the period. Finally, Chicago Partners Investment Group LLC improved its position on Amazon.com by 1.4% in the third quarter. Chicago Partners Investment Group LLC now owns 100,246 shares of the e-commerce giant’s stock worth $12,687,000 after acquiring an additional 1,370 shares in the last quarter. 72.20% of the shares are in the hands of institutional investors.

Analysts set new price targets

Several research firms have recently made comments on AMZN. Citigroup increased their target price on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Canaccord Genuity Group increased their price target on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. JMP Securities reissued a market outperform rating and set a $225.00 price target on shares of Amazon.com on Wednesday, May 1st. Morgan Stanley increased their target price on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Argus raised their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. One analyst rated the company’s shares with a hold recommendation, forty-four gave a buy recommendation, and one gave a strong buy recommendation. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $211.62.

Check out our latest stock analysis on AMZN

Amazon.com pricing performance

AMZN shares opened Friday at $181.05. The company has a 50-day moving average of $181.91 and a 200-day moving average of $165.77. Amazon.com, Inc. it has a 1-year low of $114.31 and a 1-year high of $191.70. The company’s market capitalization is $1.88 trillion, its price-to-earnings ratio is 50.71, its price-to-earnings growth ratio is 1.32, and its beta is 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, which topped analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was $143.31 billion, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the company earned $0.31 EPS. The company’s revenue for the quarter increased by 12.5% year-over-year. As a group, equity research analysts predict that Amazon.com, Inc. will report 4.67 earnings per share for the current year.

Amazon.com Confidential Transactions

In related 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 amount of $489,753.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the transaction, the CEO now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed via this hyperlink. Additionally, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction amount of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock valued at $21,726,894.20. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 117,894 shares of company stock worth $21,363,909. Corporate insiders own 10.80% of the company’s shares.

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Analysts set new price targets

Amazon.com pricing performance

Amazon.com Confidential Transactions

Amazon.com profile

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