Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Financial Counselors Inc.

Key Points

• Financial Counselors Inc. increased its stake in Amazon by 2.3% during the 1st quarter, now holding 902,152 shares valued at approximately $171.64 million.
• Amazon reported a strong quarterly earnings result, with $1.68 earnings per share, significantly beating expectations of $1.31, alongside a revenue of $167.70 billion.
• A number of analysts have raised their target prices for Amazon shares, with recent estimates now ranging from $245.00 to $280.00, reflecting a generally positive outlook on the stock.

Financial Counselors Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 902,152 shares of the e-commerce giant's stock after purchasing an additional 20,172 shares during the quarter. Amazon.com comprises 2.6% of Financial Counselors Inc.'s investment portfolio, making the stock its 5th biggest position. Financial Counselors Inc.'s holdings in Amazon.com were worth $171,643,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tallon Kerry Patrick purchased a new position in Amazon.com in the 4th quarter worth $800,000. LaFleur & Godfrey LLC raised its position in Amazon.com by 1.8% in the 4th 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 period. Brighton Jones LLC raised its position in Amazon.com by 10.9% in the 4th 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 period. Revolve Wealth Partners LLC raised its position in Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares during the period. Finally, Bank Pictet & Cie Europe AG raised its position in Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday. Raymond James Financial reiterated an "outperform" rating and issued a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Morgan Stanley restated an "overweight" rating on shares of Amazon.com in a research report on Monday, July 28th. Finally, Robert W. Baird boosted their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. One equities research 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 stock. According to data from MarketBeat, Amazon.com presently has an average rating of "Buy" and an average price target of $262.45.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 25,099,537 shares of company stock worth $5,674,394,548 over the last three months. 9.70% of the stock is owned by insiders.

Amazon.com Stock Down 8.3%

Shares of NASDAQ AMZN traded down $19.36 during midday trading on Friday, hitting $214.75. The stock had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. The business's 50 day moving average is $218.20 and its 200-day moving average is $209.11. The company has a market cap of $2.28 trillion, a P/E ratio of 32.74, a PEG ratio of 1.59 and a beta of 1.31. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. 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 issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 24.90%. The business's revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current 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.