A number of other hedge funds also recently bought and sold shares of AMZN. Sterling Financial Group Inc. raised its position in Amazon.com by 27.6% in the first quarter. Sterling Financial Group Inc. now owns 9,919 shares of the e-commerce giant’s stock worth $1,887,000 after acquiring an additional 2,146 shares during the period. Accordant Advisory Group Inc increased its stake in shares of Amazon.com by 256.8% in the 1st quarter. Accordant Advisory Group Inc now owns 446 shares of the e-commerce giant’s stock worth $85,000 after purchasing an additional 321 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in Amazon.com by 2.6% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 610,329 shares of the e-commerce giant’s stock worth $116,121,000 after purchasing an additional 15,262 shares during the period. Neumann Capital Management LLC lifted its position in Amazon.com by 19.5% during the first quarter. Neumann Capital Management LLC now owns 11,040 shares of the e-commerce giant’s stock valued at $2,100,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Defined Financial Planning LLC grew its holdings in Amazon.com by 11.2% during the first quarter. Defined Financial Planning LLC now owns 6,507 shares of the e-commerce giant’s stock valued at $1,250,000 after purchasing an additional 653 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

AMZN stock opened at $223.30 on Friday. The firm’s fifty day simple moving average is $202.26 and its two-hundred day simple moving average is $209.01. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33. 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 twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

In other news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were 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 directly owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the transaction, the chief executive officer now directly owns 517,050 shares in the company, valued at $105,984,909. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is currently owned by insiders.

Several research firms have recently commented on AMZN. Moffett Nathanson raised their price objective on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research note on Tuesday. Oppenheimer raised their target price on shares of Amazon.com from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. DA Davidson dropped their price target on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Royal Bank Of Canada lowered their target price on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $245.81.

Get Our Latest Stock Analysis on Amazon.com

(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.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.