Good Life Advisors LLC Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)
Good Life Advisors LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,797 shares of the e-commerce giant's stock after purchasing an additional 1,738 shares during the quarter. Amazon.com makes up approximately 1.2% of Good Life Advisors LLC's portfolio, making the stock its 17th largest holding. Good Life Advisors LLC's holdings in Amazon.com were worth $16,514,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC raised its stake in shares of 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 acquiring an additional 39,696 shares during the period. Bearing Point Capital LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at $12,014,000. Evergreen Capital Management LLC raised 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 valued at $53,213,000 after acquiring an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Amazon.com by 173.6% during the 4th 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 in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ AMZN opened at $220.46 on Wednesday. The company has a 50 day moving average price of $204.25 and a two-hundred day moving average price of $208.75. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market capitalization of $2.34 trillion, a PE ratio of 35.91, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The business's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the completion of the sale, the insider owned 905,679,901 shares in the company, valued at $200,535,643,679.42. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,424,463 shares of company stock worth $756,747,557. Insiders own 10.80% of the company's stock.
AMZN has been the subject of a number of recent analyst reports. Mizuho lowered their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a report on Monday, June 2nd. Royal Bank Of Canada cut their price objective on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Westpark Capital reiterated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $245.81.
Read Our Latest Stock Report on 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.
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