Flower City Capital bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,360 shares of the e-commerce giant’s stock, valued at approximately $244,000. Amazon.com accounts for about 0.3% of Flower City Capital’s portfolio, making the stock its 23rd biggest position.
Several other institutional investors have also recently bought and sold shares of the company. Bridgefront Capital LLC bought a new position in shares of Amazon.com during the 1st quarter worth about $228,000. Krane Funds Advisors LLC increased its holdings in shares of Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares during the period. Range Financial Group LLC bought a new position in shares of Amazon.com during the 1st quarter worth about $258,000. My Personal CFO LLC bought a new position in shares of Amazon.com during the 1st quarter worth about $261,000. Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com during the 1st quarter worth about $191,000. Institutional investors own 56.67% of the company’s stock.
Analysts Set New Price Targets
AMZN has been the topic of several recent research reports. Rosenblatt Securities lifted their target price on shares of Amazon.com from $106.00 to $111.00 in a research report on Friday, April 28th. Wells Fargo & Company initiated coverage on shares of Amazon.com in a research report on Wednesday, June 7th. They set an “overweight” rating and a $159.00 target price on the stock. Evercore ISI decreased their target price on shares of Amazon.com from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Monday, April 3rd. StockNews.com initiated coverage on shares of Amazon.com in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Jefferies Financial Group lifted their target price on shares of Amazon.com from $135.00 to $150.00 in a research report on Wednesday, June 21st. Three analysts have rated the stock with a hold rating and forty have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.23.
Amazon.com Stock Down 1.5 %
Amazon.com (NASDAQ:AMZN – Free Report) last issued its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts predict that Amazon.com, Inc. will post 1.56 earnings per share for the current fiscal year.
Insider Transactions at Amazon.com
In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total transaction of $63,135.00. Following the completion of the sale, the chief executive officer now owns 152,780 shares of the company’s stock, valued at $19,291,530.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total transaction of $63,135.00. Following the completion of the transaction, the chief executive officer now owns 152,780 shares in the company, valued at $19,291,530.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 21,925 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the transaction, the chief executive officer now owns 1,997,681 shares of the company’s stock, valued at approximately $230,472,456.97. The disclosure for this sale can be found here. Insiders sold 73,345 shares of company stock valued at $8,472,000 over the last quarter. Corporate insiders own 12.30% of the company’s stock.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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