Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1,034.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 24,018 shares of the e-commerce giant's stock after purchasing an additional 21,901 shares during the quarter. Amazon.com accounts for 1.1% of Richard P Slaughter Associates Inc's holdings, making the stock its 17th biggest holding. Richard P Slaughter Associates Inc's holdings in Amazon.com were worth $4,570,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Momentous Wealth Management Inc. purchased a new position in Amazon.com during the 4th quarter valued at $749,000. Segall Bryant & Hamill LLC lifted its position in shares of Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Bearing Point Capital LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at $12,014,000. Evergreen Capital Management LLC grew its holdings in shares of Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 7,100 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.23, for a total transaction of $1,428,733.00. Following the completion of the transaction, the senior vice president now owns 60,600 shares of the company's stock, valued at $12,194,538. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. Company insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $2.30 on Thursday, hitting $212.52. The company's stock had a trading volume of 44,246,577 shares, compared to its average volume of 42,160,587. The company has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 34.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. The firm has a fifty day moving average price of $197.28 and a 200-day moving average price of $209.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. 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 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a report on Tuesday, February 25th. Evercore ISI reduced their target price 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. Wedbush reiterated an "outperform" rating and issued a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Citigroup reissued a "buy" rating on shares of Amazon.com in a research note on Monday, June 2nd. Finally, Wall Street Zen lowered Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $244.89.

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.