Amazon.com, Inc. (NASDAQ:AMZN) is NorthCrest Asset Manangement LLC's 5th Largest Position

NorthCrest Asset Manangement LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 309,639 shares of the e-commerce giant's stock after acquiring an additional 4,352 shares during the quarter. Amazon.com accounts for approximately 1.8% of NorthCrest Asset Manangement LLC's portfolio, making the stock its 5th largest holding. NorthCrest Asset Manangement LLC's holdings in Amazon.com were worth $58,912,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new position in Amazon.com in the 4th quarter valued at $35,000. Perritt Capital Management Inc grew its stake 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 valued at $42,000 after purchasing an additional 80 shares during the period. Compass Planning Associates Inc purchased a new stake in shares of Amazon.com during the 4th quarter valued at $51,000. Finally, Quattro Financial Advisors LLC increased 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 valued at $51,000 after purchasing an additional 45 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $3.91 on Monday, hitting $219.39. 58,777,531 shares of the company traded hands, compared to its average volume of 42,089,135. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.33 trillion, a P/E ratio of 35.73, a P/E/G ratio of 1.68 and a beta of 1.34. The firm's 50-day simple moving average is $202.26 and its 200 day simple moving average is $208.72.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results 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 return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $9,876,930. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the transaction, the senior vice president directly owned 47,030 shares in the company, valued at $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 102,037 shares of company stock worth $20,531,075. Company insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Citizens Jmp cut their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Piper Sandler reaffirmed an "overweight" rating and issued a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Moffett Nathanson raised their price target on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Finally, Barclays dropped their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.81.

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.