Amazon.com, Inc. (NASDAQ:AMZN) Holdings Raised by Stephens Consulting LLC

Stephens Consulting LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 37.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,515 shares of the e-commerce giant’s stock after purchasing an additional 949 shares during the quarter. Stephens Consulting LLC’s holdings in Amazon.com were worth $669,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AMZN. Momentous Wealth Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $749,000. Segall Bryant & Hamill LLC increased its stake in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after acquiring an additional 39,696 shares during the last quarter. Bearing Point Capital LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth $12,014,000. Evergreen Capital Management LLC boosted its position in Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the transaction, the senior vice president directly owned 47,030 shares of the company’s stock, valued at $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,426,963 shares of company stock valued at $757,297,707. Insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMZN. Raymond James Financial reaffirmed an “outperform” rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Moffett Nathanson raised their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research report on Tuesday, June 24th. Citizens Jmp reduced their target price on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Barclays decreased their target price on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Finally, Scotiabank cut their price target on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $245.60.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $223.13 on Friday. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.34, a P/E/G ratio of 1.66 and a beta of 1.33. The firm’s 50-day moving average price is $205.76 and its two-hundred day moving average price is $208.76. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the company earned $0.98 EPS. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com Company 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.