Sterling Investment Counsel LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 149.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,749 shares of the e-commerce giant's stock after acquiring an additional 17,807 shares during the quarter. Amazon.com accounts for approximately 1.9% of Sterling Investment Counsel LLC's investment portfolio, making the stock its 12th biggest position. Sterling Investment Counsel LLC's holdings in Amazon.com were worth $5,660,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at about $749,000. Segall Bryant & Hamill LLC boosted its stake in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after buying an additional 39,696 shares during the period. Bearing Point Capital LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at about $12,014,000. Evergreen Capital Management LLC boosted its stake in shares of Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after buying an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after buying an additional 2,196,353 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Trading Up 0.0%
NASDAQ:AMZN opened at $223.47 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market cap of $2.37 trillion, a P/E ratio of 36.40, a PEG ratio of 1.68 and a beta of 1.33. The stock's 50 day simple moving average is $207.16 and its 200-day simple moving average is $208.51.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.
Analyst Upgrades and Downgrades
AMZN has been the subject of several recent research reports. Jefferies Financial Group decreased their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Mizuho decreased their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Morgan Stanley decreased their target price on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Bank of America boosted their target price on Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $245.60.
Get Our Latest Stock Report on AMZN
Insider Transactions at Amazon.com
In related news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president directly owned 119,780 shares in the company, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 224,926 shares of Amazon.com stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $223.56, for a total value of $50,284,456.56. Following the completion of the sale, the insider owned 905,454,975 shares in the company, valued at approximately $202,423,514,211. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,426,963 shares of company stock valued at $757,297,707. 10.80% of the stock is owned by company insiders.
About Amazon.com
(
Free Report)
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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