Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Legacy Wealth Management LLC MS

Legacy Wealth Management LLC MS raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 153.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,594 shares of the e-commerce giant's stock after purchasing an additional 14,886 shares during the quarter. Amazon.com accounts for about 1.5% of Legacy Wealth Management LLC MS's investment portfolio, making the stock its 15th largest position. Legacy Wealth Management LLC MS's holdings in Amazon.com were worth $4,679,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AMZN. Momentous Wealth Management Inc. bought a new position in Amazon.com in the 4th quarter worth approximately $749,000. Segall Bryant & Hamill LLC lifted its holdings in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after buying an additional 39,696 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after acquiring an additional 1,198 shares during the last quarter. Bearing Point Capital LLC purchased a new position in Amazon.com during the fourth quarter valued at $12,014,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after acquiring an additional 2,196,353 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 0.3%

NASDAQ:AMZN traded up $0.63 during mid-day trading on Tuesday, hitting $217.61. 31,226,326 shares of the company's stock traded hands, compared to its average volume of 45,016,777. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market capitalization of $2.31 trillion, a P/E ratio of 39.35, a P/E/G ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a fifty day moving average of $192.26 and a 200 day moving average of $208.96.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research reports. Morgan Stanley dropped their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Citigroup reiterated a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. Loop Capital lifted their price objective on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Finally, UBS Group reissued a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $244.89.

Insider Activity

In related news, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $190.67, for a total transaction of $476,675.00. Following the sale, the chief executive officer now directly owns 506,974 shares in the company, valued at approximately $96,664,732.58. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,037 shares of company stock valued at $20,531,075. Company insiders own 9.70% of the company's stock.

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.