Rehmann Capital Advisory Group Purchases 2,083 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Rehmann Capital Advisory Group increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,759 shares of the e-commerce giant’s stock after buying an additional 2,083 shares during the quarter. Amazon.com accounts for 0.9% of Rehmann Capital Advisory Group’s portfolio, making the stock its 23rd largest position. Rehmann Capital Advisory Group’s holdings in Amazon.com were worth $14,207,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Momentous Wealth Management Inc. bought a new stake in Amazon.com in the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC lifted its position in Amazon.com by 14.3% in the fourth 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 last quarter. Evergreen Capital Management LLC lifted its position in Amazon.com by 0.5% in the fourth 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 last quarter. Arrowstreet Capital Limited Partnership lifted its position in Amazon.com by 173.6% in the fourth 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 last quarter. Finally, Keyvantage Wealth LLC bought a new stake in Amazon.com in the fourth quarter valued at approximately $2,735,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.0%

NASDAQ AMZN opened at $204.07 on Wednesday. The stock’s 50-day moving average price is $189.68 and its 200-day moving average price is $208.79. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a market capitalization of $2.17 trillion, a P/E ratio of 36.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the company earned $0.98 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This trade represents a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,081 shares of company stock valued at $17,421,044 over the last quarter. 9.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. BNP Paribas upgraded Amazon.com to a “hold” rating in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft decreased their target price on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a report on Monday, April 14th. 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 report on Monday, April 14th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Finally, JMP Securities reaffirmed a “market outperform” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $244.09.

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.