Zhang Financial LLC Has $11.01 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Zhang Financial LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,876 shares of the e-commerce giant's stock after buying an additional 2,856 shares during the quarter. Zhang Financial LLC's holdings in Amazon.com were worth $11,011,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick bought a new stake in Amazon.com in the fourth quarter valued at $800,000. Capital & Planning LLC grew its holdings in shares of Amazon.com by 72.1% in the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after purchasing an additional 1,635 shares during the last quarter. LaFleur & Godfrey LLC increased its position in shares of Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after purchasing an additional 860 shares in the last quarter. Brighton Jones LLC lifted its holdings in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Amazon.com during the 4th quarter valued at about $301,650,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research analyst reports. Citizens Jmp cut their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus lowered their target price on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Moffett Nathanson lifted their price target on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a report on Tuesday. Citigroup restated a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. Finally, Scotiabank decreased their price target on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $245.81.

Amazon.com Stock Performance

Shares of AMZN traded up $6.18 during midday trading on Friday, reaching $223.30. The stock had a trading volume of 119,060,979 shares, compared to its average volume of 42,289,243. The firm has a market cap of $2.37 trillion, a PE ratio of 36.37, a P/E/G ratio of 1.60 and a beta of 1.33. The firm has a 50 day simple moving average of $201.25 and a 200-day simple moving average of $209.02. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. 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 (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.98 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction 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 sale, the director now owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is owned by insiders.

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.