Carr Financial Group Corp Has $3.23 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Carr Financial Group Corp boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,948 shares of the e-commerce giant's stock after purchasing an additional 1,494 shares during the period. Amazon.com accounts for 1.1% of Carr Financial Group Corp's investment portfolio, making the stock its 20th biggest holding. Carr Financial Group Corp's holdings in Amazon.com were worth $3,225,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter valued at about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the fourth quarter valued at about $35,000. Perritt Capital Management Inc raised its position in shares of Amazon.com by 72.7% during the fourth 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, Compass Planning Associates Inc acquired a new position in shares of Amazon.com during the fourth quarter valued at about $51,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Tigress Financial upped their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Cantor Fitzgerald upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the company a "buy" rating in a research note on Tuesday. Wedbush reissued an "outperform" rating and issued a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $248.24.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $0.28 on Thursday, reaching $222.26. 30,243,964 shares of the stock were exchanged, compared to its average volume of 42,028,415. The firm's 50 day moving average is $208.56 and its 200-day moving average is $208.68. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. 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 firm has a market cap of $2.36 trillion, a PE ratio of 36.20, a P/E/G ratio of 1.65 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The firm's quarterly revenue was up 8.6% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 384,124 shares of the stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $224.02, for a total value of $86,051,458.48. Following the completion of the transaction, the insider owned 901,995,325 shares of the company's stock, valued at $202,064,992,706.50. This represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president directly owned 47,030 shares of the company's stock, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,886,613 shares of company stock worth $1,531,840,610. Insiders own 9.70% of the company's stock.

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.