Patriot Financial Group Insurance Agency LLC Has $9.67 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Patriot Financial Group Insurance Agency LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,833 shares of the e-commerce giant's stock after purchasing an additional 3,879 shares during the period. Amazon.com makes up approximately 1.3% of Patriot Financial Group Insurance Agency LLC's investment portfolio, making the stock its 10th biggest holding. Patriot Financial Group Insurance Agency LLC's holdings in Amazon.com were worth $9,671,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Momentous Wealth Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC raised its stake in shares of Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after acquiring an additional 39,696 shares in the last quarter. Bearing Point Capital LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $12,014,000. Evergreen Capital Management LLC raised its stake 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 valued at $53,213,000 after acquiring an additional 1,198 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Amazon.com by 173.6% during the fourth 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 in the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the transaction, the chief executive officer now owns 517,050 shares in the company, valued at $105,984,909. This represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 over the last three months. Company insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley decreased their price target on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Citigroup reissued a "buy" rating on shares of Amazon.com in a research note on Monday, June 2nd. Scotiabank reduced their price objective on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Barclays reduced their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Wedbush reissued an "outperform" rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $245.53.

Amazon.com Trading Down 1.3%

NASDAQ AMZN opened at $209.69 on Friday. The company has a market capitalization of $2.23 trillion, a PE ratio of 34.15, a P/E/G ratio of 1.59 and a beta of 1.33. The company has a fifty day moving average of $198.41 and a 200 day moving average of $209.25. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 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 posted its 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. The company 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 firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. Research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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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