Good Steward Wealth Advisors LLC Acquires Shares of 2,431 Amazon.com, Inc. (NASDAQ:AMZN)

Good Steward Wealth Advisors LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 2,431 shares of the e-commerce giant's stock, valued at approximately $463,000.

A number of other hedge funds have also made changes to their positions in the stock. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com during the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $35,000. Perritt Capital Management Inc increased its holdings in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc acquired a new stake in shares of Amazon.com during the 4th quarter valued at approximately $51,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

AMZN stock traded down $0.28 during mid-day trading on Thursday, hitting $222.26. 30,243,964 shares of the company were exchanged, compared to its average volume of 42,065,235. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock has a market capitalization of $2.36 trillion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The business has a 50 day simple moving average of $208.56 and a 200-day simple moving average of $208.68. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the transaction, the chief executive officer owned 514,550 shares of the company's stock, valued at $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president directly owned 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,886,613 shares of company stock valued at $1,531,840,610. Company insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AMZN shares. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a report on Tuesday. Wedbush reiterated an "outperform" rating and set a $235.00 price target (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective for the company in a research note on Friday, June 27th. Raymond James Financial reaffirmed an "outperform" rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $248.24.

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.