Ewa LLC Has $5.41 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

EWA LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,437 shares of the e-commerce giant's stock after buying an additional 4,083 shares during the quarter. Amazon.com accounts for 2.0% of EWA LLC's portfolio, making the stock its 10th largest position. EWA LLC's holdings in Amazon.com were worth $5,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AMZN. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $35,000. Perritt Capital Management Inc lifted its position in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter worth approximately $40,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.3%

Shares of NASDAQ AMZN traded up $0.71 during midday trading on Tuesday, reaching $226.40. The company's stock had a trading volume of 24,864,427 shares, compared to its average volume of 42,045,547. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a 50 day simple moving average of $210.69 and a 200-day simple moving average of $208.38. The stock has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 36.89, a PEG ratio of 1.69 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its 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 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the business earned $0.98 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares of the company's stock, valued at approximately $113,231,873. This represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the sale, the senior vice president directly owned 47,030 shares in the company, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,886,613 shares of company stock valued at $1,531,840,610 in the last 90 days. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a research report on Tuesday, July 1st. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Bank of America raised their price objective on shares of Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Finally, Evercore ISI cut their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $249.42.

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.