Tounjian Advisory Partners LLC Takes $14.98 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Tounjian Advisory Partners LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 78,750 shares of the e-commerce giant's stock, valued at approximately $14,983,000. Amazon.com accounts for about 2.8% of Tounjian Advisory Partners LLC's portfolio, making the stock its 5th largest holding.

Other large investors have also modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com in the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc lifted its position in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Finally, Quattro Financial Advisors LLC boosted its stake in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research reports. Barclays dropped their target price on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a research note on Monday, June 2nd. Wells Fargo & Company decreased their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. UBS Group restated a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Finally, Westpark Capital reiterated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $245.64.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the sale, the chief executive officer now directly owns 506,974 shares of the company's stock, valued at $96,664,732.58. This represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,037 shares of company stock worth $20,531,075. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Up 2.1%

NASDAQ:AMZN traded up $4.30 during trading hours on Tuesday, hitting $212.77. The company's stock had a trading volume of 38,326,092 shares, compared to its average volume of 42,091,918. The stock has a market capitalization of $2.26 trillion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 1.57 and a beta of 1.33. 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 stock has a fifty day moving average of $199.60 and a 200-day moving average of $209.07. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About 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.