Argent Capital Management LLC Acquires 21,960 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Argent Capital Management LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 748,113 shares of the e-commerce giant’s stock after buying an additional 21,960 shares during the quarter. Amazon.com accounts for 2.7% of Argent Capital Management LLC’s portfolio, making the stock its 11th largest position. Argent Capital Management LLC’s holdings in Amazon.com were worth $77,273,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AMZN. Fiduciary Planning LLC grew its stake in Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares during the period. HBC Financial Services PLLC grew its stake in shares of Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. grew its stake in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. grew its stake in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners grew its stake in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Insider Activity

In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total value of $22,951,500.00. Following the completion of the sale, the insider now directly owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the sale, the insider now directly owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total value of $62,535.00. Following the sale, the chief executive officer now directly owns 151,780 shares of the company’s stock, valued at $18,983,124.60. The disclosure for this sale can be found here. Insiders sold 1,362,329 shares of company stock valued at $48,508,072 in the last ninety days. Insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $138.12 on Monday. The stock has a market capitalization of $1.43 trillion, a PE ratio of 108.76, a P/E/G ratio of 1.76 and a beta of 1.26. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $143.63. The business has a 50 day simple moving average of $132.90 and a two-hundred day simple moving average of $116.27. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.29. The business had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. On average, research analysts predict that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Barclays increased their target price on Amazon.com from $140.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, August 7th. Wolfe Research increased their target price on Amazon.com from $140.00 to $150.00 in a research note on Monday, July 10th. Piper Jaffray Companies increased their target price on Amazon.com from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 7th. Telsey Advisory Group upped their price target on Amazon.com from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Finally, Benchmark upped their price target on Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $160.87.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.