Strategic Global Advisors LLC Buys 22,444 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Strategic Global Advisors LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 25.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,962 shares of the e-commerce giant's stock after acquiring an additional 22,444 shares during the quarter. Amazon.com accounts for 4.5% of Strategic Global Advisors LLC's holdings, making the stock its 3rd largest position. Strategic Global Advisors LLC's holdings in Amazon.com were worth $24,344,000 as of its most recent filing with the Securities and Exchange Commission.

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 fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC raised its position in 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 valued at $69,572,000 after acquiring an additional 39,696 shares in the last quarter. Evergreen Capital Management LLC increased its position 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 valued at $53,213,000 after buying an additional 1,198 shares in the last quarter. Bearing Point Capital LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $12,014,000. Finally, Arrowstreet Capital Limited Partnership increased its position 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 valued at $759,434,000 after buying an additional 2,196,353 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.9%

NASDAQ AMZN traded down $1.77 during trading on Friday, hitting $203.93. The stock had a trading volume of 51,641,602 shares, compared to its average volume of 42,021,406. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.16 trillion, a PE ratio of 36.88, a PEG ratio of 1.50 and a beta of 1.30. The firm has a 50 day moving average price of $190.57 and a 200 day moving average price of $208.63. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

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 (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent analyst reports. Bank of America cut their price objective on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Needham & Company LLC restated a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Barclays cut their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Wedbush restated an "outperform" rating and issued a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the sale, the chief executive officer now owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $9,876,930. This represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is currently owned by corporate insiders.

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.