Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Bowman & Co S.C.

Bowman & Co S.C. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,347 shares of the e-commerce giant’s stock after purchasing an additional 386 shares during the quarter. Bowman & Co S.C.’s holdings in Amazon.com were worth $1,398,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Momentous Wealth Management Inc. acquired a new position in Amazon.com in the 4th quarter valued at $749,000. Segall Bryant & Hamill LLC raised its stake in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Evergreen Capital Management LLC increased its stake in shares of Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after acquiring an additional 1,198 shares during the last quarter. Bearing Point Capital LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth $12,014,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after acquiring an additional 2,196,353 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the sale, the chief executive officer now owns 506,974 shares in the company, valued at approximately $96,664,732.58. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares of the company’s stock, valued at $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,037 shares of company stock valued at $20,531,075. Insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMZN. The Goldman Sachs Group cut their target price on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Barclays cut their target price on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Piper Sandler reaffirmed an “overweight” rating and issued a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Rosenblatt Securities lifted their price target on shares of Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Finally, UBS Group restated a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $244.89.

Amazon.com Trading Down 2.0%

Shares of Amazon.com stock opened at $213.20 on Thursday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market capitalization of $2.26 trillion, a P/E ratio of 38.55, a PEG ratio of 1.50 and a beta of 1.33. The company’s fifty day moving average is $193.88 and its two-hundred day moving average is $209.05.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the firm posted $0.98 EPS. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share 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.