Amazon.com, Inc. (NASDAQ:AMZN) shares acquired by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 43.5% in the first quarter, according to the company’s latest Form 13F filing with the Securities and Exchange Commission. The institutional investor held 155,114 shares of the e-commerce giant after acquiring an additional 47,049 shares during the period. Amazon.com makes up about 1.5% of Joel Isaacson & Co. LLC’s stake, making it the 15th-largest stock. Joel Isaacson & Co. LLC’s stake in Amazon.com was worth $27,979,000, according to the company’s latest Form 13F filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares. Ridgecrest Wealth Partners LLC increased its holdings in Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after purchasing an additional 56 shares in the last quarter. Stordahl Capital Management Inc. increased its position in Amazon.com stock by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after purchasing an additional 56 shares in the last quarter. Echo45 Advisors LLC increased its holdings in Amazon.com stock by 0.9% in the first quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock worth $1,194,000 after purchasing an additional 59 shares in the last quarter. ShoreHaven Wealth Partners LLC increased its position in shares of Amazon.com by 1.9% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares in the last quarter. Finally, Boyd Wealth Management LLC increased its stake in Amazon.com by 1.7% in the first quarter. Boyd Wealth Management LLC now owns 3,655 shares of the e-commerce giant’s stock worth $659,000 after purchasing an additional 60 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com drops 0.9%

AMZN opened at $192.72 on Tuesday. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a market capitalization of $2.01 trillion, a P/E ratio of 53.98, a P/E/G ratio of 1.39 and a beta of 1.15. The company’s 50 day moving average price is $187.71 and its 200 day moving average price is $176.77.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ estimates of $142.65 billion. 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 up 12.5% ​​year-over-year. In the same quarter last year, the company reported $0.31 earnings per share. Research analysts expect Amazon.com, Inc. to report earnings of $4.72 per share for the current fiscal year.

Analysts set new price targets

AMZN has been the subject of several recent research reports. Barclays raised their price objective for Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1. Oppenheimer raised their price objective for shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1. Robert W. Baird raised his price objective for shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research report on Friday, June 21. DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, April 18. Finally, Telsey Advisory Group raised their price target on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 1. One equities research analyst rated the stock a “hold,” forty-two rated it a “buy,” and one gave the stock a “strong buy” rating. Amazon.com currently has a consensus rating of “Buy” and an average price target of $217.38, according to data from MarketBeat.

Read our latest research report on AMZN

Insiders place their bets

In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the company’s stock in a transaction that occurred on Monday, July 8. The shares were sold at an average price of $200.36, for a total value of $246,241,037.48. Following the completion of the sale, the insider now directly owns 930,696,284 shares of the company’s stock, valued at approximately $186,474,307,462.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction that occurred on Monday, July 8. The shares were sold at an average price of $200.36, for a total value of $246,241,037.48. Following the completion of the transaction, the insider now owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The transaction was disclosed in documents filed with the SEC, which can be accessed through the SEC’s website. Additionally, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction on Tuesday, July 2. The shares were sold at an average price of $200.08, for a total transaction value of $292,804,474.96. Following the sale, the insider now directly owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. Details of these sales can be found here. Insiders sold a total of 6,113,490 shares of the company’s stock valued at $1,222,340,738 during the last quarter. Insiders own 10.80% of the company’s shares.

Amazon.com Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service 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 develops and produces multimedia content.

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