Amazon.com, Inc. stock (NASDAQ:AMZN) purchased by Arkfeld Wealth Strategies LLC

Arkfeld Wealth Strategies LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN – free report) by 3.5% in the first quarter, according to its latest filing with the Securities and Exchange Commission. The company now owns 98,998 shares of the e-commerce giant after buying an additional 3,376 shares during the period. Amazon.com makes up about 10.3% of Arkfeld Wealth Strategies LLC’s portfolio, making it the second-largest holding. Arkfeld Wealth Strategies LLC’s stake in Amazon.com was worth $18,409,000, according to its latest filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. In the third quarter, Montag A & Associates Inc. increased its stake in Amazon.com shares by 13.4%. Montag A & Associates Inc. now owns 171,891 shares of the e-commerce giant’s stock valued at $21,851,000 after purchasing an additional 20,358 shares during the period. Fiera Capital Corp increased its holdings in Amazon.com by 6.7% during the third quarter. Fiera Capital Corp now owns 232,452 shares of the e-commerce giant’s stock valued at $29,549,000 after purchasing an additional 14,604 shares during the period. In the third quarter, City of London Investment Management Co. Ltd. increased its shares in Amazon.com by 118.7%. City of London Investment Management Co. Ltd. now owns 25,315 shares of the e-commerce giant’s stock worth $3,218,000 after purchasing an additional 13,740 shares during the period. Lee Financial Co increased its position in shares of Amazon.com by 6.4% during the third quarter. Lee Financial Co now owns 5,805 shares of the e-commerce giant’s stock valued at $738,000 after purchasing an additional 347 shares in the last quarter. Finally, Curran Financial Partners LLC increased its position in shares of Amazon.com by 13.1% in the third quarter. Curran Financial Partners LLC now owns 6,347 shares of the e-commerce giant’s stock valued at $807,000 after purchasing an additional 736 shares in the last quarter. Hedge funds and other institutional investors hold 72.20% of the company’s shares.

Amazon.com Internal Transactions

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29 for a total value of $620,515.00. Following the completion of the sale, the CEO now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the transaction, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, on Monday, June 3, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the CEO now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The announcement of this sale can be found here. Over the last ninety days, insiders have sold a total of 65,338 shares of company stock worth $11,894,344. Currently, company insiders own 10.80% of the shares.

Amazon.com revenue falls 2.3%

NASDAQ AMZN opened at $193.25 on Friday. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $199.84. The company has a 50-day moving average price of $183.87 and a 200-day moving average price of $173.11. The stock has a market capitalization of $2.01 trillion, a P/E ratio of 54.13, a P/E/G ratio of 1.42 and a beta of 1.14. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, $0.15 above the analyst consensus of $0.83. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter increased by 12.5% ​​compared to the same quarter last year. During the same period last year, the company earned $0.31 per share. Equities research analysts expect Amazon.com, Inc. to post 4.72 EPS for the current year.

Changes in analyst ratings

Multiple stock research analysts have issued reports on AMZN stock. Moffett Nathanson reiterated a “buy” rating and set a $228.00 price target on Amazon.com shares in a report on Thursday, April 11th. Argus raised their price target on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Robert W. Baird raised their price target on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price target on Amazon.com shares in a research note on Wednesday, May 1st. Finally, BMO Capital Markets raised their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1. One analyst has rated the stock a hold, forty-three analysts have rated it a buy, and one has given it a strong buy rating. Amazon.com currently has an average rating of “Buy” and an average price target of $215.86, according to MarketBeat.

Read our latest analysis on Amazon.com

About Amazon.com

(Free report)

Amazon.com, Inc. engages in consumer products retailing, advertising and subscription services through online and physical stores in North America and internationally. 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 also develops and produces multimedia content.

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