Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Stonegate Investment Group LLC

Stonegate Investment Group LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 606,188 shares of the e-commerce giant's stock after purchasing an additional 9,090 shares during the period. Amazon.com makes up about 3.1% of Stonegate Investment Group LLC's holdings, making the stock its 10th biggest position. Stonegate Investment Group LLC's holdings in Amazon.com were worth $115,333,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc lifted its holdings in shares of Amazon.com by 72.7% in the fourth 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 in the last quarter. Finally, Compass Planning Associates Inc bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 384,124 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $224.02, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the transaction, the chief executive officer directly owned 514,550 shares of the company's stock, valued at $113,231,873. This represents a 0.48% 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.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMZN. Raymond James Financial restated an "outperform" rating and issued a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Benchmark restated a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Wells Fargo & Company raised their target price on Amazon.com from $201.00 to $238.00 and gave the company an "equal weight" rating in a report on Tuesday. Citigroup restated a "market outperform" rating on shares of Amazon.com in a report on Thursday. Finally, Moffett Nathanson raised their target price on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $248.63.

Amazon.com Price Performance

Shares of AMZN traded up $3.09 during midday trading on Friday, reaching $225.35. The stock had a trading volume of 30,960,339 shares, compared to its average volume of 42,025,008. The company's 50-day moving average is $209.20 and its 200 day moving average is $208.66. 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 capitalization of $2.39 trillion, a price-to-earnings ratio of 36.70, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the prior year, the business earned $0.98 EPS. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.