Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 31.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,596 shares of the e-commerce giant's stock after buying an additional 50,302 shares during the period. Amazon.com comprises about 2.7% of Thoroughbred Financial Services LLC's holdings, making the stock its 4th largest position. Thoroughbred Financial Services LLC's holdings in Amazon.com were worth $40,697,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PayPay Securities Corp grew its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the fourth quarter worth about $30,000. Christopher J. Hasenberg Inc grew its holdings in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after buying an additional 260 shares during the last quarter. Steph & Co. purchased a new position in shares of Amazon.com during the first quarter worth about $65,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com during the first quarter worth about $69,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock worth $9,877,423 in the last ninety days. Insiders own 10.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMZN shares. 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. The Goldman Sachs Group lowered their price target on Amazon.com from $250.00 to $230.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. BMO Capital Markets reissued an "outperform" rating and set a $230.00 price target on shares of Amazon.com in a report on Thursday, September 19th. Wedbush restated an "outperform" rating and issued a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Finally, Itau BBA Securities downgraded shares of Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 price objective for the company. in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $224.00.

Amazon.com Stock Up 1.2 %

AMZN stock opened at $188.82 on Monday. The stock has a market capitalization of $1.98 trillion, a P/E ratio of 45.17, a PEG ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a 50 day moving average price of $179.58 and a two-hundred day moving average price of $183.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, sell-side analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current year.

About Amazon.com

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.