Bender Robert & Associates Acquires 5,471 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bender Robert & Associates boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,593 shares of the e-commerce giant's stock after buying an additional 5,471 shares during the period. Amazon.com makes up 6.4% of Bender Robert & Associates' holdings, making the stock its 4th largest position. Bender Robert & Associates' holdings in Amazon.com were worth $25,417,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in Amazon.com during the 4th quarter valued at about $35,000. Perritt Capital Management Inc increased its position in Amazon.com by 72.7% during the 4th 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 in the last quarter. Finally, Compass Planning Associates Inc acquired a new position in shares of Amazon.com in the fourth quarter valued at about $51,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 224,926 shares of Amazon.com stock in a transaction on Monday, June 30th. The stock was sold at an average price of $223.56, for a total value of $50,284,456.56. Following the completion of the transaction, the insider directly owned 905,454,975 shares in the company, valued at approximately $202,423,514,211. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares of the company's stock, valued at $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,426,963 shares of company stock valued at $757,297,707. Insiders own 9.70% of the company's stock.

Amazon.com Trading Up 0.0%

AMZN stock traded up $0.06 during midday trading on Monday, hitting $223.47. 36,547,965 shares of the company's stock were exchanged, compared to its average volume of 42,009,887. The business has a 50-day simple moving average of $206.44 and a two-hundred day simple moving average of $208.52. 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 stock has a market capitalization of $2.37 trillion, a PE ratio of 36.40, a P/E/G ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its 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. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Jefferies Financial Group cut their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Rosenblatt Securities increased their price objective on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Tigress Financial increased their price objective on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft cut their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Royal Bank Of Canada cut their price objective on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $245.60.

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.