Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings Inc. has increased its stake in Amazon.com, Inc. by 7.7%, making it the firm's 4th largest position, valued at approximately $98 million.
• Amazon.com reported earnings of $1.68 EPS for the last quarter, exceeding analysts' expectations of $1.31, and its revenue was up 13.3% year-over-year.
• Despite positive earnings, Amazon.com shares are down 8.3% and have substantial analyst coverage, with an average target price of $262.45 and a majority rating of "Buy."

Crossmark Global Holdings Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 516,831 shares of the e-commerce giant's stock after acquiring an additional 37,087 shares during the quarter. Amazon.com makes up 1.7% of Crossmark Global Holdings Inc.'s investment portfolio, making the stock its 4th largest position. Crossmark Global Holdings Inc.'s holdings in Amazon.com were worth $98,332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Vanguard Group Inc. grew its position in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. FMR LLC boosted its position in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC raised its stake in Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after buying an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after buying an additional 4,087,933 shares during the last quarter. Finally, Norges Bank purchased a new position in Amazon.com during the fourth quarter valued at $27,266,582,000. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMZN. HSBC upped their price objective on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Cantor Fitzgerald increased their target price on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday. Wells Fargo & Company increased their price target on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Monness Crespi & Hardt increased their price target on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a research note on Friday. Finally, Bank of America increased their price target on Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $262.45.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 25,099,537 shares of company stock valued at $5,674,394,548. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Down 8.3%

AMZN stock traded down $19.36 during mid-day trading on Friday, reaching $214.75. The company had a trading volume of 122,007,379 shares, compared to its average volume of 43,924,596. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. The firm has a fifty day simple moving average of $218.20 and a 200 day simple moving average of $209.11. 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 posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for 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%. Amazon.com's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 EPS. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.