Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Wright Investors Service Inc.

Wright Investors Service Inc. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,022 shares of the e-commerce giant's stock after buying an additional 3,035 shares during the quarter. Amazon.com accounts for approximately 3.6% of Wright Investors Service Inc.'s portfolio, making the stock its 5th largest holding. Wright Investors Service Inc.'s holdings in Amazon.com were worth $10,849,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Momentous Wealth Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC grew its position 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 during the last quarter. Evergreen Capital Management LLC grew its position in shares of Amazon.com by 0.5% in 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 purchasing an additional 1,198 shares during the last quarter. Bearing Point Capital LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $12,014,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Amazon.com by 173.6% in the fourth 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. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMZN. Morgan Stanley lowered their price target on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus lowered their price target on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Cantor Fitzgerald raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Tigress Financial raised their target price on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.89.

Amazon.com Trading Up 1.9%

Shares of AMZN stock traded up $4.00 during mid-day trading on Monday, reaching $216.10. The company's stock had a trading volume of 33,119,260 shares, compared to its average volume of 42,143,756. The company's 50 day simple moving average is $196.38 and its 200-day simple moving average is $209.26. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. 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 firm has a market capitalization of $2.29 trillion, a PE ratio of 39.08, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business 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 revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 7,100 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.23, for a total transaction of $1,428,733.00. Following the completion of the transaction, the senior vice president now directly owns 60,600 shares of the company's stock, valued at $12,194,538. This trade represents a 10.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was 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 of the company's stock, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 102,037 shares of company stock valued at $20,531,075. Corporate 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.