Segall Bryant & Hamill LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Segall Bryant & Hamill LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,417 shares of the e-commerce giant's stock after acquiring an additional 19,303 shares during the period. Amazon.com makes up 1.0% of Segall Bryant & Hamill LLC's investment portfolio, making the stock its 7th largest holding. Segall Bryant & Hamill LLC's holdings in Amazon.com were worth $64,007,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in 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 lifted its stake in shares of Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after buying an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Amazon.com by 2.5% in 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 buying an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Amazon.com by 2.3% in 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 buying an additional 4,087,933 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Amazon.com in the fourth quarter worth approximately $27,266,582,000. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. Truist Financial upped their target price on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. JMP Securities reiterated a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a research note on Friday, August 1st. BMO Capital Markets upped their target price on shares of Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Cowen reiterated a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Finally, Royal Bank Of Canada upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Buy" and a consensus price target of $262.45.

Amazon.com Trading Up 1.4%

NASDAQ AMZN opened at $224.66 on Thursday. 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 company has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 34.25, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. The company's 50-day simple moving average is $220.60 and its two-hundred day simple moving average is $208.72. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares in the company, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,096,253 shares of company stock worth $5,673,745,409 over the last 90 days. Company insiders own 9.70% of the company's stock.

Amazon.com 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.

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