Integral Investment Advisors Inc. Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Integral Investment Advisors Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 81.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 15,069 shares of the e-commerce giant's stock after purchasing an additional 6,768 shares during the period. Amazon.com accounts for approximately 0.9% of Integral Investment Advisors Inc.'s portfolio, making the stock its 22nd largest position. Integral Investment Advisors Inc.'s holdings in Amazon.com were worth $2,867,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $35,000. Perritt Capital Management Inc lifted its position in shares of Amazon.com by 72.7% in 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. Finally, Quattro Financial Advisors LLC lifted its position in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 2.8%

Shares of NASDAQ AMZN traded up $6.18 during trading on Friday, hitting $223.30. The stock had a trading volume of 119,087,933 shares, compared to its average volume of 42,021,779. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. 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 company has a market capitalization of $2.37 trillion, a PE ratio of 36.37, a PEG ratio of 1.68 and a beta of 1.34. The firm has a fifty day moving average of $202.26 and a two-hundred day moving average of $208.72.

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 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 analyst estimates of $154.96 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The business's revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMZN. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Scotiabank dropped 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 report on Monday, April 21st. Wall Street Zen lowered shares of Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday. Finally, Citigroup reiterated a "buy" rating on shares of Amazon.com in a research note on Monday, June 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $245.81.

Insider Buying and Selling

In related news, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,037 shares of company stock valued at $20,531,075. 10.80% of the stock is owned by insiders.

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.