Amazon.com, Inc. (NASDAQ:AMZN) Holdings Raised by Stonegate Investment Group LLC

Stonegate Investment Group LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 606,188 shares of the e-commerce giant's stock after acquiring an additional 9,090 shares during the period. Amazon.com makes up approximately 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 institutional investors have also recently made changes to their positions in the business. Momentous Wealth Management Inc. bought a new stake in Amazon.com during the 4th quarter worth approximately $749,000. Segall Bryant & Hamill LLC grew its holdings in Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after buying an additional 39,696 shares in the last quarter. Bearing Point Capital LLC purchased a new stake in Amazon.com during the 4th quarter valued at approximately $12,014,000. Evergreen Capital Management LLC grew its holdings in Amazon.com by 0.5% during the 4th 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. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Amazon.com by 173.6% during the 4th 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. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $0.28 during trading on Thursday, hitting $222.26. The company had a trading volume of 30,243,964 shares, compared to its average volume of 42,028,415. The stock has a fifty day simple moving average of $208.56 and a two-hundred day simple moving average of $208.68. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 36.20, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

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

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com 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 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 disclosure for this sale can be found here. Insiders sold 6,886,613 shares of company stock valued at $1,531,840,610 over the last ninety days. Corporate insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMZN. Tigress Financial increased their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Rosenblatt Securities increased their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Wedbush reaffirmed an "outperform" rating and set a $235.00 price objective (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Oppenheimer raised their target price on shares of Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Finally, The Goldman Sachs Group cut their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $248.24.

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.