Global Financial Private Client LLC Buys 2,204 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Global Financial Private Client LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 31.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,182 shares of the e-commerce giant's stock after purchasing an additional 2,204 shares during the quarter. Global Financial Private Client LLC's holdings in Amazon.com were worth $1,747,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in AMZN. Momentous Wealth Management Inc. acquired a new stake in Amazon.com in the 4th quarter valued at about $749,000. Segall Bryant & Hamill LLC increased 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 stake in shares of Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after purchasing an additional 1,198 shares during the last quarter. Bearing Point Capital LLC bought a new position in shares of Amazon.com in the 4th quarter valued at about $12,014,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Amazon.com by 173.6% in 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 and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMZN. Oppenheimer reduced their target price on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Tigress Financial raised their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Evercore ISI reduced their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, DA Davidson reduced their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $244.89.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,695 shares of the business's 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 transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,037 shares of company stock worth $20,531,075. Insiders own 9.70% of the company's stock.

Amazon.com Stock Down 0.5%

Shares of AMZN stock traded down $1.14 during trading on Friday, reaching $212.10. The company's stock had a trading volume of 29,295,190 shares, compared to its average volume of 42,179,363. The business has a fifty day moving average price of $195.47 and a 200-day moving average price of $209.16. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.25 trillion, a price-to-earnings ratio of 38.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $155.67 billion for 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 firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Analysts anticipate 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.