Capital Investment Advisors LLC Has $48.02 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Capital Investment Advisors LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 252,395 shares of the e-commerce giant's stock after acquiring an additional 22,724 shares during the quarter. Capital Investment Advisors LLC's holdings in Amazon.com were worth $48,021,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Momentous Wealth Management Inc. acquired a new position in Amazon.com in the 4th quarter valued at approximately $749,000. Segall Bryant & Hamill LLC boosted its stake in shares of Amazon.com by 14.3% in 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 purchasing an additional 39,696 shares during the last quarter. Bearing Point Capital LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at $12,014,000. Evergreen Capital Management LLC boosted its stake in shares of Amazon.com by 0.5% in 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 purchasing an additional 1,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Amazon.com by 173.6% in 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 purchasing an additional 2,196,353 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now owns 5,465 shares of the company's stock, valued at $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 over the last quarter. Insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $209.69 on Monday. The firm has a 50-day moving average of $198.41 and a 200-day moving average of $209.17. The company has a market cap of $2.23 trillion, a P/E ratio of 34.15, a P/E/G ratio of 1.58 and a beta of 1.34. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The company 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 revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AMZN shares. The Goldman Sachs Group reduced their price objective 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. Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a research note on Monday, June 2nd. Benchmark reaffirmed a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Oppenheimer upped their price objective on shares of Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $245.53.

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.

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