Tectonic Advisors LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Tectonic Advisors LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,377 shares of the e-commerce giant's stock after purchasing an additional 1,480 shares during the period. Tectonic Advisors LLC's holdings in Amazon.com were worth $3,306,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Western Wealth Management LLC grew its position in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $749,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter worth approximately $514,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the period. Finally, Bearing Point Capital LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $12,014,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMZN shares. Westpark Capital reiterated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Wedbush boosted their price objective on shares of Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Stifel Nicolaus boosted their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Pivotal Research upped their price target on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Susquehanna upped their price target on Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Buy" and an average price target of $262.87.

Amazon.com Price Performance

Shares of AMZN traded down $0.68 during mid-day trading on Friday, hitting $230.30. 26,588,843 shares of the company were exchanged, compared to its average volume of 44,860,145. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. 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 50 day moving average of $221.06 and a 200-day moving average of $208.69. The stock has a market cap of $2.46 trillion, a price-to-earnings ratio of 35.12, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The company's revenue for the quarter was up 13.3% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 25,096,253 shares of company stock worth $5,673,745,409. 9.70% of the stock is owned by corporate 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.