Baird Financial Group Inc. Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Baird Financial Group Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,582,158 shares of the e-commerce giant's stock after acquiring an additional 118,518 shares during the quarter. Amazon.com makes up about 1.1% of Baird Financial Group Inc.'s portfolio, making the stock its 16th biggest holding. Baird Financial Group Inc.'s holdings in Amazon.com were worth $566,500,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Accordant Advisory Group Inc lifted its position in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc lifted 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 worth $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Quattro Financial Advisors LLC lifted its position in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the company's 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 completion of the transaction, the chief executive officer now owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. This represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction dated 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 transaction, the senior vice president now directly owns 47,030 shares of the company's stock, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock valued at $20,018,625 in the last 90 days. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $5.03 during mid-day trading on Tuesday, hitting $206.02. 34,776,251 shares of the company were exchanged, compared to its average volume of 41,992,480. 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 stock has a 50 day simple moving average of $190.38 and a 200-day simple moving average of $208.73. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 37.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

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 the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the company earned $0.98 earnings per share. The company's revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Maxim Group increased their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. DA Davidson reduced their price target on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company cut their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. The Goldman Sachs Group cut their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Bank of America cut their target price on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Four investment 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, the company has an average rating of "Moderate Buy" and an average price target of $244.09.

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.