World Equity Group Inc. Purchases 1,808 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

World Equity Group Inc. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,892 shares of the e-commerce giant's stock after purchasing an additional 1,808 shares during the quarter. Amazon.com accounts for approximately 1.7% of World Equity Group Inc.'s holdings, making the stock its 10th biggest position. World Equity Group Inc.'s holdings in Amazon.com were worth $6,052,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AMZN. Norges Bank acquired a new position in shares of Amazon.com in the 4th quarter valued at $27,266,582,000. GAMMA Investing LLC raised its stake in shares of Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after buying an additional 30,104,520 shares in the last quarter. Capital World Investors raised its stake in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after buying an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after buying an additional 12,018,120 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 1.4%

Shares of Amazon.com stock traded up $3.09 on Friday, hitting $225.35. The company had a trading volume of 30,960,339 shares, compared to its average volume of 42,025,008. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 36.70, a P/E/G ratio of 1.67 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a 50-day moving average of $209.20 and a 200-day moving average of $208.66.

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 the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent research reports. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective for the company in a research note on Friday, June 27th. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $240.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday. Cantor Fitzgerald upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. JMP Securities upped their target price on shares of Amazon.com from $250.00 to $285.00 and gave the stock a "market outperform" rating in a report on Thursday. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Amazon.com in a report on Thursday. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $248.63.

Insider Buying and Selling

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at $9,876,930. The trade was a 26.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the completion of the sale, the insider directly owned 905,679,901 shares in the company, valued at approximately $200,535,643,679.42. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610. 9.70% of the stock is owned by corporate insiders.

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.