Jag Capital Management LLC Has $47.74 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Jag Capital Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 25.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 250,930 shares of the e-commerce giant's stock after buying an additional 51,177 shares during the period. Amazon.com accounts for 6.4% of Jag Capital Management LLC's investment portfolio, making the stock its 2nd biggest position. Jag Capital Management LLC's holdings in Amazon.com were worth $47,742,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of AMZN. Tallon Kerry Patrick purchased a new stake in Amazon.com in the 4th quarter worth approximately $800,000. LaFleur & Godfrey LLC lifted its stake in Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after purchasing an additional 860 shares in the last quarter. Brighton Jones LLC lifted its stake in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Amazon.com in the 4th quarter worth approximately $301,650,000. Finally, Revolve Wealth Partners LLC raised its position in shares of Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after buying an additional 986 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Up 1.0%

Shares of NASDAQ AMZN opened at $226.13 on Monday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market cap of $2.40 trillion, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The firm has a 50-day moving average of $213.50 and a 200 day moving average of $208.51. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the company posted $0.98 EPS. Amazon.com's revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,335,232 shares of company stock valued at $3,210,622,570 over the last ninety days. Corporate insiders own 10.80% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AMZN. Jefferies Financial Group raised their price objective on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Needham & Company LLC restated a "buy" rating and set a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Evercore ISI lowered their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Stifel Nicolaus reduced their target price on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $250.35.

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.

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