Montz Harcus Wealth Management LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Montz Harcus Wealth Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,318 shares of the e-commerce giant's stock after purchasing an additional 2,150 shares during the quarter. Amazon.com comprises approximately 2.5% of Montz Harcus Wealth Management LLC's portfolio, making the stock its 13th biggest holding. Montz Harcus Wealth Management LLC's holdings in Amazon.com were worth $4,627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Vanguard Group Inc. raised its stake in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. FMR LLC raised its stake in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Amazon.com by 2.5% during the fourth 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 raised its stake in shares of Amazon.com by 2.3% during the fourth 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 acquiring an additional 4,087,933 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $27,266,582,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the transaction, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $9,876,930. The trade was a 26.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the business'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 completion of the transaction, the senior vice president directly owned 47,030 shares of the company's stock, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,426,963 shares of company stock worth $757,297,707 in the last quarter. Insiders own 10.80% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on AMZN. The Goldman Sachs Group decreased their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a research note on Tuesday. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price on the stock in a research note on Friday, June 27th. Moffett Nathanson lifted their target price on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Finally, Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a research note on Monday, June 2nd. Three analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $246.41.

Amazon.com Stock Down 1.8%

Amazon.com stock traded down $4.11 during mid-day trading on Tuesday, reaching $219.36. The stock had a trading volume of 45,197,871 shares, compared to its average volume of 42,024,201. The company has a market capitalization of $2.33 trillion, a price-to-earnings ratio of 35.73, a PEG ratio of 1.68 and a beta of 1.33. The company has a 50-day moving average price of $207.16 and a two-hundred day moving average price of $208.51. Amazon.com, Inc. has a one year low of $151.61 and a one year 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.

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, topping 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 for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the previous year, the business posted $0.98 EPS. Amazon.com's revenue was up 8.6% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.