Argent Advisors Inc. Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Argent Advisors Inc. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 697.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,797 shares of the e-commerce giant's stock after purchasing an additional 10,318 shares during the period. Argent Advisors Inc.'s holdings in Amazon.com were worth $2,244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Western Wealth Management LLC raised its holdings in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after buying an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. bought a new position in Amazon.com in the 4th quarter valued at approximately $749,000. Segall Bryant & Hamill LLC raised its holdings in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after buying an additional 39,696 shares during the last quarter. Bearing Point Capital LLC bought a new position in Amazon.com in the 4th quarter valued at approximately $12,014,000. Finally, Evergreen Capital Management LLC raised its holdings in Amazon.com by 0.5% in 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. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 0.6%

AMZN traded up $1.35 during mid-day trading on Monday, reaching $232.79. 26,233,111 shares of the stock were exchanged, compared to its average volume of 35,876,868. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market capitalization of $2.47 trillion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. The company has a 50 day moving average price of $216.19 and a two-hundred day moving average price of $208.82. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

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

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. Morgan Stanley restated an "overweight" rating on shares of Amazon.com in a research report on Monday. Truist Financial boosted their price target on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Needham & Company LLC boosted their price target on shares of Amazon.com from $220.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Piper Sandler set a $250.00 price target on shares of Amazon.com and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Evercore ISI dropped their price target 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 research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.71.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's 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 transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 25,102,037 shares of company stock worth $5,674,871,223. 10.80% 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.