Net Worth Advisory Group Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Net Worth Advisory Group raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,937 shares of the e-commerce giant's stock after buying an additional 1,385 shares during the quarter. Amazon.com comprises 0.8% of Net Worth Advisory Group's portfolio, making the stock its 19th largest holding. Net Worth Advisory Group's holdings in Amazon.com were worth $2,461,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Momentous Wealth Management Inc. bought a new stake in Amazon.com in the 4th quarter worth approximately $749,000. Segall Bryant & Hamill LLC lifted its position in Amazon.com by 14.3% in the 4th 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 during the last quarter. Bearing Point Capital LLC bought a new stake in Amazon.com in the 4th quarter worth approximately $12,014,000. Evergreen Capital Management LLC lifted its position in Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after buying an additional 1,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position 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 worth $759,434,000 after buying an additional 2,196,353 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of 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. Insiders have sold a total of 102,037 shares of company stock valued at $20,531,075 over the last ninety days. Company insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their target price on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Raymond James Financial restated an "outperform" rating and issued a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Needham & Company LLC restated a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Rosenblatt Securities boosted their target price on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen downgraded Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.81.

Amazon.com Stock Up 2.8%

AMZN stock traded up $6.18 during midday trading on Friday, hitting $223.30. The stock had a trading volume of 119,087,933 shares, compared to its average volume of 42,021,779. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The business has a 50-day moving average of $202.26 and a two-hundred day moving average of $208.86. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week 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 issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share 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.