Other hedge funds and other institutional investors also recently modified their holdings of the company. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $749,000. Segall Bryant & Hamill LLC boosted 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 valued at $69,572,000 after buying an additional 39,696 shares in the last quarter. Bearing Point Capital LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $12,014,000. Evergreen Capital Management LLC boosted its stake in shares of Amazon.com by 0.5% in 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 buying an additional 1,198 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Amazon.com by 173.6% in 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 buying an additional 2,196,353 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on AMZN. Telsey Advisory Group restated an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. The Goldman Sachs Group decreased their price target on Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Rosenblatt Securities lifted their price target on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Evercore ISI decreased their price target on Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Finally, Mizuho decreased their target price on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $245.60.

View Our Latest Stock Report on Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president owned 119,780 shares of the company’s stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the sale, the senior vice president directly owned 47,030 shares of the company’s stock, valued at $9,519,342.30. The trade was a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,426,963 shares of company stock valued at $757,297,707 in the last 90 days. 9.70% of the stock is owned by corporate insiders.

AMZN stock opened at $223.13 on Friday. The stock has a 50-day moving average price of $206.44 and a two-hundred day moving average price of $208.62. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.37 trillion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

(Free Report)

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.

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