JBGlobal.com LLC Acquires 56 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

JBGlobal.com LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,669 shares of the e-commerce giant’s stock after buying an additional 56 shares during the period. Amazon.com accounts for approximately 0.5% of JBGlobal.com LLC’s investment portfolio, making the stock its 18th biggest holding. JBGlobal.com LLC’s holdings in Amazon.com were worth $508,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Amazon.com by 2.2% during 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 purchasing an additional 17,635,391 shares during the last quarter. FMR LLC boosted its stake in Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares during the period. Finally, Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $27,266,582,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Benchmark reissued a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. DA Davidson dropped their price objective on Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Scotiabank decreased their price target on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 21st. Cantor Fitzgerald raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Finally, Jefferies Financial Group decreased their target price on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $244.89.

Amazon.com Price Performance

Amazon.com stock opened at $212.10 on Friday. The stock has a market capitalization of $2.25 trillion, a P/E ratio of 38.35, a P/E/G ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm’s 50-day moving average is $195.47 and its two-hundred day moving average is $209.18.

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

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total transaction of $476,675.00. Following the sale, the chief executive officer now owns 506,974 shares in the company, valued at $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock worth $20,531,075 over the last quarter. 9.70% of the stock is owned by corporate insiders.

Amazon.com 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.