Liberty Capital Management Inc. Acquires 2,229 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Liberty Capital Management Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,350 shares of the e-commerce giant's stock after acquiring an additional 2,229 shares during the quarter. Amazon.com makes up approximately 2.8% of Liberty Capital Management Inc.'s portfolio, making the stock its 5th biggest position. Liberty Capital Management Inc.'s holdings in Amazon.com were worth $12,433,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tallon Kerry Patrick acquired a new position in shares of Amazon.com during the fourth quarter worth about $800,000. Capital & Planning LLC lifted its stake in Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after purchasing an additional 1,635 shares during the last quarter. LaFleur & Godfrey LLC lifted its stake in Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after purchasing an additional 860 shares during the last quarter. Brighton Jones LLC lifted its stake in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in Amazon.com during the fourth quarter worth approximately $301,650,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on AMZN. Citizens Jmp decreased their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Oppenheimer boosted their target price on Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Evercore ISI decreased their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Rosenblatt Securities boosted their target price on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $245.81.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the sale, the senior vice president owned 47,030 shares of the company's stock, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer directly owned 2,148,694 shares of the company's stock, valued at $432,532,102.20. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,424,463 shares of company stock valued at $756,747,557 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

AMZN stock traded up $1.07 on Tuesday, reaching $220.46. 39,185,716 shares of the company's stock were exchanged, compared to its average volume of 42,081,500. The stock has a fifty day moving average of $203.30 and a 200-day moving average of $208.67. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market cap of $2.34 trillion, a PE ratio of 35.91, a P/E/G ratio of 1.65 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.