Janney Montgomery Scott LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Janney Montgomery Scott LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,536,411 shares of the e-commerce giant's stock after buying an additional 2,771 shares during the period. Amazon.com comprises approximately 1.4% of Janney Montgomery Scott LLC's portfolio, making the stock its 6th biggest position. Janney Montgomery Scott LLC's holdings in Amazon.com were worth $482,578,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Momentous Wealth Management Inc. acquired a new stake in Amazon.com during the fourth quarter valued at $749,000. Segall Bryant & Hamill LLC raised its stake in shares of Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Bearing Point Capital LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth about $12,014,000. Evergreen Capital Management LLC lifted its holdings in shares of Amazon.com by 0.5% during 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 buying an additional 1,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew 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 buying an additional 2,196,353 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Benchmark reiterated a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Citizens Jmp cut their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Jefferies Financial Group decreased their price target on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Scotiabank cut their price objective on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $245.60.

Amazon.com Price Performance

NASDAQ AMZN traded up $3.21 on Thursday, reaching $223.13. The company's stock had a trading volume of 29,632,353 shares, compared to its average volume of 41,973,367. The firm has a market cap of $2.37 trillion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The business has a 50-day moving average price of $205.03 and a 200 day moving average price of $208.83.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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 return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the company posted $0.98 EPS. The company's revenue was up 8.6% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of Amazon.com 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 completion of the transaction, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,426,963 shares of company stock valued at $757,297,707. 9.70% of the stock is owned by insiders.

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.