Good Steward Wealth Advisors LLC Makes New $463,000 Investment in Amazon.com, Inc. (NASDAQ:AMZN)

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jim Saulnier & Associates LLC raised its holdings in shares of Amazon.com by 43.3% during the 1st quarter. Jim Saulnier & Associates LLC now owns 1,985 shares of the e-commerce giant's stock worth $378,000 after acquiring an additional 600 shares during the period. True Link Financial Advisors LLC raised its holdings in shares of Amazon.com by 151.1% during the 1st quarter. True Link Financial Advisors LLC now owns 3,073 shares of the e-commerce giant's stock worth $585,000 after acquiring an additional 1,849 shares during the period. Kentucky Trust Co raised its holdings in Amazon.com by 1.9% in the 1st quarter. Kentucky Trust Co now owns 15,457 shares of the e-commerce giant's stock valued at $2,941,000 after buying an additional 283 shares during the period. Flagstone Financial Management raised its holdings in Amazon.com by 8.0% in the 1st quarter. Flagstone Financial Management now owns 1,195 shares of the e-commerce giant's stock valued at $227,000 after buying an additional 89 shares during the period. Finally, OLD Second National Bank of Aurora raised its holdings in Amazon.com by 0.6% in the 1st quarter. OLD Second National Bank of Aurora now owns 33,155 shares of the e-commerce giant's stock valued at $6,308,000 after buying an additional 210 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer directly owned 514,550 shares of the company's stock, valued at approximately $113,231,873. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,401,408 shares of company stock valued at $1,423,159,137. 9.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Moffett Nathanson boosted their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Bank of America boosted their price objective on shares of Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a report on Monday, June 2nd. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Finally, Benchmark reiterated a "buy" rating and set a $260.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $247.12.

Amazon.com Price Performance

Amazon.com stock traded down $1.33 during trading hours on Thursday, hitting $221.21. The stock had a trading volume of 9,711,329 shares, compared to its average volume of 41,952,743. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 35.99, a PEG ratio of 1.65 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock's fifty day moving average is $208.56 and its two-hundred day moving average is $208.68.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.