207,767 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 207,767 shares of the e-commerce giant's stock, valued at approximately $45,582,000. Amazon.com comprises approximately 1.5% of Cary Street Partners Financial LLC's holdings, making the stock its 7th biggest holding.

A number of other large investors also recently made changes to their positions in the company. Momentous Wealth Management Inc. bought a new position in Amazon.com during the 4th quarter worth $749,000. Segall Bryant & Hamill LLC lifted its position in 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 in the last quarter. Evergreen Capital Management LLC boosted its position in shares of 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 buying an additional 1,198 shares during the last quarter. Bearing Point Capital LLC purchased a new stake in Amazon.com in the 4th quarter valued at about $12,014,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of 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 during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN traded up $3.54 on Tuesday, reaching $204.53. 6,249,146 shares of the stock traded hands, compared to its average volume of 41,886,415. The firm has a market cap of $2.17 trillion, a price-to-earnings ratio of 37.06, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock's 50-day moving average price is $190.16 and its 200-day moving average price is $208.75. 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 (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the business earned $0.98 EPS. Amazon.com's revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Maxim Group boosted their price objective on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Wall Street Zen downgraded Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Rosenblatt Securities lifted their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Truist Financial lowered their price target on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Cantor Fitzgerald increased their price target on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Insider Transactions at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were 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 now owns 119,780 shares of the company's stock, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock valued at $20,018,625 over the last three months. Company insiders own 9.70% of the company's stock.

Amazon.com 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.