Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Hobart Private Capital LLC

Hobart Private Capital LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 49.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,570 shares of the e-commerce giant's stock after purchasing an additional 1,522 shares during the quarter. Hobart Private Capital LLC's holdings in Amazon.com were worth $869,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com in the fourth quarter worth about $25,000. Accordant Advisory Group Inc lifted its stake in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares during the period. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management purchased a new stake in Amazon.com in the fourth quarter worth about $35,000. Finally, Perritt Capital Management Inc lifted its stake in Amazon.com by 72.7% in 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 period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the transaction, the chief executive officer now owns 517,050 shares of the company's stock, valued at $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. The trade was a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock worth $20,531,075 in the last quarter. Company insiders own 9.70% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Evercore ISI decreased their price target on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Raymond James reissued an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Loop Capital increased their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Citigroup reissued a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $235.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $244.89.

Amazon.com Price Performance

AMZN traded down $4.41 on Wednesday, hitting $213.20. 39,186,416 shares of the company's stock were exchanged, compared to its average volume of 42,179,278. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $193.04 and a 200-day moving average price of $209.02. The stock has a market cap of $2.26 trillion, a price-to-earnings ratio of 38.55, a P/E/G ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The firm's quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.