Allen Capital Group LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Allen Capital Group LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,655 shares of the e-commerce giant's stock after buying an additional 6,435 shares during the period. Amazon.com makes up approximately 0.9% of Allen Capital Group LLC's portfolio, making the stock its 28th largest position. Allen Capital Group LLC's holdings in Amazon.com were worth $7,545,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Western Wealth Management LLC grew its position in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $749,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Amazon.com in the first quarter valued at approximately $514,000. Segall Bryant & Hamill LLC grew its holdings in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Finally, Bearing Point Capital LLC purchased a new stake in Amazon.com during the 4th quarter worth approximately $12,014,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $224.66 on Thursday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm's 50 day moving average is $220.60 and its two-hundred day moving average is $208.72. The company has a market cap of $2.40 trillion, a P/E ratio of 34.25, a P/E/G ratio of 1.49 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm's revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 earnings per share. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares of the company's stock, valued at approximately $111,114,850. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 in the last quarter. Company insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on AMZN shares. Pivotal Research raised their price target on shares of Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 1st. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective on the stock in a research note on Friday, June 27th. Stifel Nicolaus boosted their target price on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. HSBC increased their price target on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Finally, Scotiabank boosted their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $262.45.

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.

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