Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,338 shares of the e-commerce giant's stock after purchasing an additional 3,385 shares during the period. Amazon.com accounts for approximately 1.5% of Thurston Springer Miller Herd & Titak Inc.'s holdings, making the stock its 7th largest holding. Thurston Springer Miller Herd & Titak Inc.'s holdings in Amazon.com were worth $9,006,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Momentous Wealth Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth $749,000. Segall Bryant & Hamill LLC raised 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 purchasing an additional 39,696 shares during the period. Bearing Point Capital LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $12,014,000. Evergreen Capital Management LLC raised 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 purchasing an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised 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 purchasing an additional 2,196,353 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction that occurred 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 transaction, the vice president now owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. Corporate insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AMZN shares. Citigroup restated a "buy" rating on shares of Amazon.com in a report on Monday, June 2nd. Scotiabank decreased their price objective on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, April 21st. 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 report on Tuesday, April 22nd. Telsey Advisory Group restated an "outperform" rating and issued a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Finally, Oppenheimer decreased their price objective on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $244.89.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $2.30 during midday trading on Thursday, reaching $212.52. The company's stock had a trading volume of 44,246,577 shares, compared to its average volume of 42,160,587. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business's 50 day moving average price is $197.28 and its two-hundred day moving average price is $209.32. The company has a market cap of $2.26 trillion, a P/E ratio of 34.61, a P/E/G ratio of 1.61 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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 net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during 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 firm's quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.