Good Steward Wealth Advisors LLC Takes $463,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

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

Several other hedge funds also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $27,000. LSV Asset Management purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $35,000. Perritt Capital Management Inc grew its position in shares of Amazon.com by 72.7% during the fourth 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 during the last quarter. Finally, Compass Planning Associates Inc acquired a new stake in shares of Amazon.com during the fourth quarter worth $51,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Amazon.com stock traded up $3.18 during mid-day trading on Wednesday, hitting $222.54. 38,034,550 shares of the company's stock traded hands, compared to its average volume of 42,037,661. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market cap of $2.36 trillion, a PE ratio of 36.24, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The firm has a 50 day moving average price of $207.80 and a 200 day moving average price of $208.58. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the firm earned $0.98 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $235.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Barclays reduced their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Westpark Capital reissued a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Roth Capital set a $250.00 target price on Amazon.com and gave the company a "buy" rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $246.41.

Insider Activity at Amazon.com

In other news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $9,876,930. This trade represents a 26.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of Amazon.com stock in a transaction on Friday, June 27th. The shares were sold at an average price of $221.42, for a total value of $686,402,000.00. Following the transaction, the insider owned 905,679,901 shares in the company, valued at approximately $200,535,643,679.42. This trade represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,401,408 shares of company stock worth $1,423,159,137 in the last quarter. Company insiders own 10.80% of the company's stock.

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.