JBR Co Financial Management Inc Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

JBR Co Financial Management Inc lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,393 shares of the e-commerce giant's stock after acquiring an additional 1,583 shares during the quarter. Amazon.com accounts for 1.6% of JBR Co Financial Management Inc's portfolio, making the stock its 16th largest position. JBR Co Financial Management Inc's holdings in Amazon.com were worth $2,738,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AMZN. Vanguard Group Inc. increased its position in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC increased its holdings in shares of Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the period. Geode Capital Management LLC raised its position in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares during the last quarter. Finally, Norges Bank bought a new stake in Amazon.com during the fourth quarter valued at about $27,266,582,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 0.0%

Amazon.com stock traded up $0.06 during midday trading on Monday, reaching $223.47. 36,547,965 shares of the stock traded hands, compared to its average volume of 42,009,887. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a 50-day simple moving average of $206.44 and a two-hundred day simple moving average of $208.52. The firm has a market cap of $2.37 trillion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on AMZN. Barclays cut their price target on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus reduced their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. BNP Paribas raised Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Wedbush reaffirmed an "outperform" rating and set a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a report on Monday, June 2nd. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $245.60.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 3,100,000 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $221.42, for a total value of $686,402,000.00. Following the transaction, the insider owned 905,679,901 shares of the company's stock, valued at $200,535,643,679.42. This represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the sale, the senior vice president directly owned 47,030 shares in the company, valued at $9,519,342.30. This trade represents a 22.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,426,963 shares of company stock valued at $757,297,707. 9.70% of the stock is currently owned by company 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.