Dash Acquisitions Inc. Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Dash Acquisitions Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,812 shares of the e-commerce giant's stock after buying an additional 14,288 shares during the period. Amazon.com accounts for about 8.2% of Dash Acquisitions Inc.'s portfolio, making the stock its 2nd largest holding. Dash Acquisitions Inc.'s holdings in Amazon.com were worth $29,846,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AMZN. Cooksen Wealth LLC acquired a new position in Amazon.com during the fourth quarter worth $30,000. Strid Group LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at $43,000. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at $46,000. Steph & Co. purchased a new position in Amazon.com in the first quarter valued at $65,000. Finally, Advantage Trust Co purchased a new position in Amazon.com in the fourth quarter valued at $68,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AMZN shares. TD Cowen increased their target price on Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a report on Wednesday, July 10th. Benchmark reaffirmed a "buy" rating and set a $200.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Sanford C. Bernstein raised their price target on Amazon.com from $210.00 to $215.00 and gave the stock an "outperform" rating in a report on Monday, July 22nd. Piper Sandler lowered their price target on Amazon.com from $220.00 to $215.00 and set an "overweight" rating on the stock in a report on Friday, August 2nd. Finally, 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 report on Friday, June 21st. One analyst has rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $222.31.

Insider Activity

In related news, SVP David Zapolsky sold 4,710 shares of the business's stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the sale, the senior vice president now owns 59,500 shares of the company's stock, valued at approximately $11,602,500. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the company's stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the transaction, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the company's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares of the company's stock, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 1.3 %

AMZN stock traded down $2.25 during trading on Tuesday, reaching $176.25. The stock had a trading volume of 37,738,780 shares, compared to its average volume of 42,606,961. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.83 trillion, a P/E ratio of 49.45, a PEG ratio of 1.34 and a beta of 1.15. The firm has a fifty day moving average price of $182.54 and a 200 day moving average price of $181.21.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. On average, equities analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Amazon.com Profile

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.