Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Becker Capital Management Inc.

Becker Capital Management Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,064 shares of the e-commerce giant's stock after acquiring an additional 2,576 shares during the period. Amazon.com comprises approximately 1.8% of Becker Capital Management Inc.'s investment portfolio, making the stock its 10th largest holding. Becker Capital Management Inc.'s holdings in Amazon.com were worth $54,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Kitching Partners LLC raised its stake in shares of Amazon.com by 17.4% in the fourth quarter. Kitching Partners LLC now owns 4,264 shares of the e-commerce giant's stock valued at $935,000 after buying an additional 631 shares during the period. Bridgewealth Advisory Group LLC boosted its position in shares of Amazon.com by 15.4% during the 4th quarter. Bridgewealth Advisory Group LLC now owns 4,524 shares of the e-commerce giant's stock valued at $1,042,000 after acquiring an additional 603 shares during the last quarter. Voleon Capital Management LP purchased a new position in Amazon.com in the 4th quarter worth approximately $54,893,000. Utah Retirement Systems grew its position in Amazon.com by 1.3% in the fourth quarter. Utah Retirement Systems now owns 1,557,265 shares of the e-commerce giant's stock worth $341,648,000 after acquiring an additional 19,500 shares in the last quarter. Finally, Evergreen Wealth Solutions LLC boosted its holdings in shares of Amazon.com by 8.1% in the 4th quarter. Evergreen Wealth Solutions LLC now owns 8,089 shares of the e-commerce giant's stock worth $1,775,000 after purchasing an additional 606 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.0%

NASDAQ AMZN traded up $1.98 on Thursday, reaching $203.10. 38,797,180 shares of the company were exchanged, compared to its average volume of 41,908,253. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The business's fifty day moving average price is $189.74 and its 200 day moving average price is $208.74. The stock has a market capitalization of $2.16 trillion, a P/E ratio of 36.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The company's revenue was up 8.6% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AMZN shares. Wall Street Zen downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. The Goldman Sachs Group dropped their target price on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Bank of America decreased their price target on Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Barclays dropped their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Truist Financial decreased their target price on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. The trade was a 22.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,081 shares of company stock worth $17,421,044 in the last ninety days. 9.70% of the stock is owned by insiders.

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.