Bfsg LLC Buys 1,388 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bfsg LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,672 shares of the e-commerce giant's stock after buying an additional 1,388 shares during the period. Amazon.com comprises about 1.1% of Bfsg LLC's portfolio, making the stock its 19th biggest position. Bfsg LLC's holdings in Amazon.com were worth $8,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the 4th quarter valued at about $35,000. Perritt Capital Management Inc boosted its position in shares of 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 purchasing an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc acquired a new stake in Amazon.com during the fourth quarter worth approximately $51,000. Institutional investors own 72.20% of the company's stock.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the sale, the chief executive officer directly owned 2,148,694 shares of the company's stock, valued at $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $221.42, for a total value of $686,402,000.00. Following the transaction, the insider directly owned 905,679,901 shares in the company, valued at $200,535,643,679.42. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,426,963 shares of company stock worth $757,297,707. 9.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AMZN shares. Raymond James Financial reissued an "outperform" rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Rosenblatt Securities increased their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Jefferies Financial Group reduced their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective on the stock in a report on Friday, June 27th. Finally, Morgan Stanley cut their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $245.60.

Amazon.com Trading Up 1.5%

Shares of Amazon.com stock opened at $223.13 on Friday. The firm has a market cap of $2.37 trillion, a PE ratio of 36.34, 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. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a fifty day moving average price of $206.44 and a 200-day moving average price of $208.70.

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. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.

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