Flower City Capital Has $880,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Flower City Capital grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 46.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,627 shares of the e-commerce giant's stock after acquiring an additional 1,475 shares during the quarter. Amazon.com comprises 0.6% of Flower City Capital's portfolio, making the stock its 15th biggest position. Flower City Capital's holdings in Amazon.com were worth $880,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the fourth quarter worth about $35,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter worth about $40,000. Finally, Perritt Capital Management Inc boosted its position in shares of Amazon.com by 72.7% in the fourth 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 during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Amazon.com stock traded up $2.76 during mid-day trading on Friday, hitting $225.02. 50,481,094 shares of the company's stock traded hands, compared to its average volume of 42,089,069. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average price of $209.90 and a 200 day moving average price of $208.63. The company has a market cap of $2.39 trillion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results 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 for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AMZN shares. Citizens Jmp started coverage on Amazon.com in a research report on Thursday. They issued a "strong-buy" rating for the company. Cantor Fitzgerald upped their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Barclays reduced their price target on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Royal Bank Of Canada reduced their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, JMP Securities increased their price target on Amazon.com from $250.00 to $285.00 and gave the company a "market outperform" rating in a report on Thursday. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $249.42.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the sale, the chief executive officer owned 2,148,694 shares in the company, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $9,876,930. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610. Corporate insiders own 9.70% of the company's stock.

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.