Amazon.com, Inc. (NASDAQ:AMZN) Stake Boosted by Guardian Capital LP

Guardian Capital LP grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,391 shares of the e-commerce giant's stock after buying an additional 1,722 shares during the quarter. Guardian Capital LP's holdings in Amazon.com were worth $5,571,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Accordant Advisory Group Inc grew its position in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the fourth quarter worth $27,000. LSV Asset Management acquired a new position in Amazon.com in the fourth quarter worth $35,000. Perritt Capital Management Inc grew its position in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC raised its position in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Up 1.0%

Shares of NASDAQ AMZN traded up $1.98 during mid-day trading on Thursday, hitting $203.10. 38,797,180 shares of the company traded hands, compared to its average volume of 41,908,253. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 36.73, a PEG ratio of 1.50 and a beta of 1.30. The business has a 50 day moving average of $189.74 and a two-hundred day moving average of $208.74.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The business's quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Needham & Company LLC restated a "buy" rating and set a $220.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Barclays reduced their target price on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Royal Bank of Canada decreased their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Activity

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This represents a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,081 shares of company stock worth $17,421,044 over the last 90 days. 9.70% of the stock is owned by company insiders.

About Amazon.com

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.