HCR Wealth Advisors Has $9.77 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

HCR Wealth Advisors increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,337 shares of the e-commerce giant's stock after acquiring an additional 1,231 shares during the period. Amazon.com comprises 1.3% of HCR Wealth Advisors' holdings, making the stock its 15th largest holding. HCR Wealth Advisors' holdings in Amazon.com were worth $9,767,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management bought a new position in Amazon.com in the 4th quarter valued at approximately $35,000. Perritt Capital Management Inc lifted its stake in 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 purchasing an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc bought a new position in Amazon.com in the 4th quarter valued at approximately $51,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Up 0.0%

AMZN opened at $223.47 on Tuesday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.37 trillion, a P/E ratio of 36.40, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The company has a fifty day moving average price of $207.16 and a two-hundred day moving average price of $208.51.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Evercore ISI dropped their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Oppenheimer increased their price objective on shares of Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Scotiabank dropped their price objective on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Citizens Jmp dropped their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, Wall Street Zen lowered shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.60.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 224,926 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $223.56, for a total transaction of $50,284,456.56. Following the completion of the sale, the insider directly owned 905,454,975 shares of the company's stock, valued at $202,423,514,211. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction dated 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 sale, the chief financial officer directly owned 49,000 shares of the company's stock, valued at approximately $9,876,930. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,426,963 shares of company stock valued at $757,297,707 over the last quarter. 10.80% of the stock is currently owned by company insiders.

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.

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