Rehmann Capital Advisory Group Has $12.89 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Rehmann Capital Advisory Group increased its holdings in Amazon.com, Inc. (NASDAQ: AMZN) by 4.6%, owning 67,766 shares valued at approximately $12.89 million.
• Insider Jeffrey P. Bezos sold over 2.6 million shares of Amazon stock, with a total value of more than $609 million, resulting in a slight decrease in his ownership percentage.
• Amazon reported $1.68 EPS for the last quarter, surpassing analysts' expectations, with a revenue increase of 13.3% year-over-year, reaching $167.70 billion.

Rehmann Capital Advisory Group raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,766 shares of the e-commerce giant's stock after buying an additional 3,007 shares during the period. Amazon.com comprises 0.8% of Rehmann Capital Advisory Group's investment portfolio, making the stock its 24th biggest position. Rehmann Capital Advisory Group's holdings in Amazon.com were worth $12,893,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Brighton Jones LLC boosted its position in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after acquiring an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after acquiring an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE boosted its position in shares of Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $2,153,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 25,102,037 shares of company stock valued at $5,674,937,048 over the last three months. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Up 3.9%

AMZN stock traded up $8.44 during mid-day trading on Wednesday, hitting $222.19. 54,656,017 shares of the company were exchanged, compared to its average volume of 45,179,059. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a market cap of $2.37 trillion, a P/E ratio of 33.87, a P/E/G ratio of 1.45 and a beta of 1.31. The firm's 50 day simple moving average is $218.57 and its 200 day simple moving average is $208.96. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period last year, the business earned $1.26 EPS. The business's quarterly revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the topic of a number of research reports. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Monness Crespi & Hardt lifted their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. JMP Securities reiterated a "market outperform" rating and set a $285.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Finally, Rosenblatt Securities lifted their price target on shares of Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Buy" and a consensus price target of $262.45.

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.