Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 336,417 shares of the e-commerce giant’s stock after acquiring an additional 19,303 shares during the period. Amazon.com makes up about 1.0% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 7th biggest position. Segall Bryant & Hamill LLC’s holdings in Amazon.com were worth $64,007,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the 4th quarter worth $27,000. LSV Asset Management purchased a new stake in Amazon.com in the 4th quarter worth $35,000. Cooksen Wealth LLC purchased a new stake in Amazon.com in the 1st quarter worth $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter worth $40,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 1.4%

Shares of AMZN opened at $224.66 on Thursday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock has a fifty day moving average of $220.60 and a two-hundred day moving average of $208.72. The company has a market capitalization of $2.40 trillion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same period in the previous year, the company earned $1.26 EPS. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

AMZN has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. DA Davidson boosted their price target on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Pivotal Research boosted their price target on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Benchmark reaffirmed a “buy” rating and set a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Rosenblatt Securities lifted their target price on shares of Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $262.45.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the transaction, the chief executive officer owned 512,050 shares in the company, valued at $111,114,850. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 over the last three months. Corporate insiders own 9.70% of the company’s stock.

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.