Simon Quick Advisors LLC Has $36.48 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Simon Quick Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 24.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 191,715 shares of the e-commerce giant's stock after buying an additional 37,162 shares during the period. Amazon.com accounts for about 2.1% of Simon Quick Advisors LLC's holdings, making the stock its 12th largest holding. Simon Quick Advisors LLC's holdings in Amazon.com were worth $36,476,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the fourth quarter worth approximately $27,000. LSV Asset Management bought a new position in Amazon.com in the fourth quarter valued at about $35,000. Perritt Capital Management Inc boosted its position in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Compass Planning Associates Inc bought a new stake in shares of Amazon.com during the 4th quarter valued at about $51,000. Finally, Quattro Financial Advisors LLC increased its position in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares of the company's stock, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the transaction, the chief executive officer now directly owns 506,974 shares of the company's stock, valued at $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Moffett Nathanson boosted their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday. Telsey Advisory Group restated an "outperform" rating and issued a $235.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Piper Sandler reaffirmed an "overweight" rating and set a $212.00 price objective (down from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $245.81.

Amazon.com Price Performance

Shares of AMZN stock traded up $6.18 during trading hours on Friday, hitting $223.30. The company had a trading volume of 119,060,979 shares, compared to its average volume of 42,289,243. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The firm's fifty day moving average is $201.25 and its 200 day moving average is $209.02. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.37, a PEG ratio of 1.60 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping 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 company's 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. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.