St. Clair Advisors LLC Buys New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

St. Clair Advisors LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,213 shares of the e-commerce giant's stock, valued at approximately $2,021,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Triglav Skladi D.O.O. acquired a new stake in Amazon.com in the 4th quarter worth about $90,773,000. Twinbeech Capital LP acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $40,145,000. Two Sigma Advisers LP boosted its holdings in shares of Amazon.com by 121.7% during the 4th quarter. Two Sigma Advisers LP now owns 4,442,420 shares of the e-commerce giant's stock worth $974,623,000 after purchasing an additional 2,438,300 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Amazon.com by 7,557.6% during the 4th quarter. Two Sigma Investments LP now owns 1,202,242 shares of the e-commerce giant's stock worth $263,760,000 after purchasing an additional 1,186,542 shares during the last quarter. Finally, Tabor Asset Management LP acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $6,597,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 0.1%

NASDAQ AMZN traded down $0.29 during mid-day trading on Tuesday, reaching $206.36. 19,566,184 shares of the stock were exchanged, compared to its average volume of 41,884,723. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business's fifty day simple moving average is $190.68 and its 200 day simple moving average is $208.63. The stock has a market capitalization of $2.19 trillion, a PE ratio of 37.32, a PEG ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.98 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMZN shares. Stifel Nicolaus decreased their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. DA Davidson decreased their price objective on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wedbush reiterated an "outperform" rating and issued a $235.00 price objective (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Finally, JMP Securities reissued a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $244.57.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock valued at $20,018,625 in the last quarter. Company insiders own 9.70% of the company's stock.

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.