Integral Investment Advisors Inc. Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Integral Investment Advisors Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 81.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,069 shares of the e-commerce giant's stock after buying an additional 6,768 shares during the quarter. Amazon.com makes up 0.9% of Integral Investment Advisors Inc.'s portfolio, making the stock its 22nd biggest holding. Integral Investment Advisors Inc.'s holdings in Amazon.com were worth $2,867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Atwood & Palmer Inc. grew its position in shares of Amazon.com by 26.2% during the first quarter. Atwood & Palmer Inc. now owns 9,270 shares of the e-commerce giant's stock worth $1,764,000 after purchasing an additional 1,924 shares in the last quarter. Petredis Investment Advisors LLC grew its holdings in Amazon.com by 9.6% during the 1st quarter. Petredis Investment Advisors LLC now owns 169,837 shares of the e-commerce giant's stock valued at $32,313,000 after buying an additional 14,905 shares in the last quarter. Dividend Assets Capital LLC grew its holdings in Amazon.com by 7.4% during the 1st quarter. Dividend Assets Capital LLC now owns 5,962 shares of the e-commerce giant's stock valued at $1,134,000 after buying an additional 412 shares in the last quarter. Home Federal Bank of Tennessee raised its position in shares of Amazon.com by 38.0% during the first quarter. Home Federal Bank of Tennessee now owns 1,816 shares of the e-commerce giant's stock valued at $346,000 after buying an additional 500 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services lifted its holdings in shares of Amazon.com by 97.2% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 49,378 shares of the e-commerce giant's stock worth $9,395,000 after buying an additional 24,338 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 2.8%

Shares of Amazon.com stock traded up $6.18 during trading on Friday, hitting $223.30. 119,087,933 shares of the stock traded hands, compared to its average volume of 42,161,408. The firm has a market cap of $2.37 trillion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week 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 stock's fifty day simple moving average is $201.25 and its 200 day simple moving average is $209.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (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 the consensus estimate 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 was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the 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 completion of the sale, the chief executive officer now directly owns 517,050 shares in the company, valued at $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now owns 5,465 shares in the company, valued at $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 in the last 90 days. Insiders own 9.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on AMZN shares. Truist Financial cut their target price on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus cut their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Morgan Stanley dropped their price target on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Oppenheimer raised their price target on Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Four analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.81.

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.