Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by LaSalle St. Investment Advisors LLC

LaSalle St. Investment Advisors LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 44.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,842 shares of the e-commerce giant's stock after purchasing an additional 9,454 shares during the quarter. Amazon.com accounts for about 2.1% of LaSalle St. Investment Advisors LLC's portfolio, making the stock its 9th biggest position. LaSalle St. Investment Advisors LLC's holdings in Amazon.com were worth $6,766,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Sassicaia Capital Advisers LLC purchased a new position in Amazon.com in the third quarter worth about $279,000. Howard Capital Management Group LLC grew its stake in shares of Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after purchasing an additional 897 shares during the period. Principal Financial Group Inc. grew its position in shares of Amazon.com by 5.1% in the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after purchasing an additional 984,570 shares during the period. Arete Wealth Advisors LLC acquired a new position in shares of Amazon.com during the 3rd quarter worth approximately $14,648,000. Finally, Intrepid Capital Management Inc. increased its position in shares of Amazon.com by 3.4% during the 3rd quarter. Intrepid Capital Management Inc. now owns 8,585 shares of the e-commerce giant's stock worth $1,600,000 after purchasing an additional 284 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. Citizens Jmp lowered their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Evercore ISI lowered their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Benchmark reaffirmed a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Royal Bank of Canada lowered their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Westpark Capital reissued a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Up 1.3%

NASDAQ AMZN traded up $2.73 on Tuesday, reaching $211.37. The company had a trading volume of 55,966,898 shares, compared to its average volume of 41,981,128. The firm has a 50-day moving average of $188.50 and a 200-day moving average of $208.25. The firm has a market capitalization of $2.24 trillion, a PE ratio of 38.22, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its 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. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $10,933,860. This represents a 22.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $190.67, for a total transaction of $476,675.00. Following the sale, the chief executive officer now owns 506,974 shares of the company's stock, valued at approximately $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 107,298 shares of company stock valued at $23,818,478 in the last quarter. Corporate insiders own 9.70% of the company's stock.

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.