Everhart Financial Group Inc. Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Everhart Financial Group Inc. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,870 shares of the e-commerce giant's stock after buying an additional 3,813 shares during the quarter. Amazon.com comprises 1.5% of Everhart Financial Group Inc.'s portfolio, making the stock its 10th largest position. Everhart Financial Group Inc.'s holdings in Amazon.com were worth $10,820,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter valued at $27,000. LSV Asset Management purchased a new stake in Amazon.com during the 4th quarter worth $35,000. Perritt Capital Management Inc lifted its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. Finally, Quattro Financial Advisors LLC grew its stake 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 valued at $51,000 after acquiring an additional 45 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on 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 owned 47,030 shares in the company, valued at $9,519,342.30. This represents a 22.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at $9,876,930. This represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,037 shares of company stock valued at $20,531,075. Insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday. 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 research note on Tuesday, April 22nd. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Piper Sandler restated an "overweight" rating and set a $212.00 price objective (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Rosenblatt Securities increased their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $245.81.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $3.91 during trading on Monday, hitting $219.39. The company had a trading volume of 58,777,531 shares, compared to its average volume of 42,089,135. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The business's 50-day moving average is $202.26 and its 200 day moving average is $208.72. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market cap of $2.33 trillion, a P/E ratio of 35.73, a PEG ratio of 1.68 and a beta of 1.34.

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 for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the company posted $0.98 EPS. The company's quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.