Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 116,342 shares of the e-commerce giant's stock after buying an additional 1,221 shares during the quarter. Amazon.com comprises about 2.9% of Great Lakes Retirement Inc.'s holdings, making the stock its 5th largest position. Great Lakes Retirement Inc.'s holdings in Amazon.com were worth $22,135,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter worth $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the 4th quarter worth $35,000. Perritt Capital Management Inc grew its stake in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the period. Compass Planning Associates Inc acquired a new position in shares of Amazon.com during the 4th quarter worth $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Amazon.com during the 4th quarter worth $54,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 1.5%

AMZN traded up $3.21 on Friday, reaching $223.13. 29,632,353 shares of the company's stock were exchanged, compared to its average volume of 42,031,611. The company's 50 day moving average is $206.44 and its 200-day moving average is $208.62. The company has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.34, a PEG ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president owned 119,780 shares of the company's stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 47,030 shares of the company's stock, valued at $9,519,342.30. This trade represents a 22.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,426,963 shares of company stock worth $757,297,707. Insiders own 9.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Scotiabank lowered their price target on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Moffett Nathanson upped their price target on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Westpark Capital reaffirmed a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a research note on Monday, June 2nd. Finally, Citizens Jmp lowered their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.60.

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.