D.A. Davidson & CO. Has $131.80 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

D.A. Davidson & CO. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 692,759 shares of the e-commerce giant's stock after purchasing an additional 25,202 shares during the period. Amazon.com makes up approximately 1.1% of D.A. Davidson & CO.'s investment portfolio, making the stock its 13th largest position. D.A. Davidson & CO.'s holdings in Amazon.com were worth $131,804,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter worth $27,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter worth $35,000. Perritt Capital Management Inc raised its stake 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 worth $42,000 after acquiring an additional 80 shares in the last quarter. Inlight Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter worth $40,000. Finally, Capitol Family Office Inc. acquired a new stake in Amazon.com during the 1st quarter worth $42,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 25,099,537 shares of company stock worth $5,674,394,548 over the last 90 days. Insiders own 9.70% of the company's stock.

Amazon.com Stock Down 7.7%

AMZN traded down $18.04 during midday trading on Friday, hitting $216.07. 65,807,773 shares of the company's stock traded hands, compared to its average volume of 44,434,758. The company has a market cap of $2.29 trillion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 1.71 and a beta of 1.33. The stock's fifty day simple moving average is $217.93 and its 200-day simple moving average is $209.23. 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 released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the firm posted $1.26 earnings per share. The company's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMZN. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Benchmark restated a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday. Bank of America lifted their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday. Finally, HSBC lifted their target price on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Three investment analysts have rated the stock with a hold rating, forty-six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $260.65.

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.