Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Raised by Guardian Asset Advisors LLC

Guardian Asset Advisors LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,254 shares of the e-commerce giant's stock after acquiring an additional 1,383 shares during the period. Amazon.com accounts for approximately 5.7% of Guardian Asset Advisors LLC's holdings, making the stock its 2nd biggest holding. Guardian Asset Advisors LLC's holdings in Amazon.com were worth $8,800,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com during the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the 4th quarter worth about $27,000. LSV Asset Management bought a new stake in Amazon.com in the 4th quarter worth about $35,000. Inlight Wealth Management LLC bought a new stake in Amazon.com in the 1st quarter worth about $40,000. Finally, Perritt Capital Management Inc increased its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 0.3%

Amazon.com stock traded down $0.79 during midday trading on Friday, reaching $231.44. The stock had a trading volume of 28,649,591 shares, compared to its average volume of 40,402,120. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market capitalization of $2.46 trillion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. 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's 50-day simple moving average is $215.66 and its 200 day simple moving average is $208.82.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating 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 analysts' expectations of $154.96 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction dated Friday, July 11th. The stock was 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 $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 25,102,037 shares of company stock valued at $5,674,871,223 over the last 90 days. Company insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AMZN. Tigress Financial boosted their price target on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective for the company in a research note on Friday, June 27th. Wells Fargo & Company boosted their price objective on Amazon.com from $201.00 to $238.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Cantor Fitzgerald boosted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, Wedbush reissued an "outperform" rating and issued a $235.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $254.33.

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.