ACT Advisors LLC. Purchases 117 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

ACT Advisors LLC. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,250 shares of the e-commerce giant’s stock after acquiring an additional 117 shares during the period. Amazon.com makes up approximately 0.3% of ACT Advisors LLC.’s investment portfolio, making the stock its 28th largest position. ACT Advisors LLC.’s holdings in Amazon.com were worth $618,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Tallon Kerry Patrick bought a new stake in Amazon.com during the fourth quarter worth $800,000. Capital & Planning LLC grew its holdings in Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock worth $856,000 after acquiring an additional 1,635 shares during the period. LaFleur & Godfrey LLC grew its stake in shares of Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock valued at $10,839,000 after buying an additional 860 shares during the period. Brighton Jones LLC lifted its position in Amazon.com by 10.9% in 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 acquiring an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Amazon.com during the 4th quarter worth approximately $301,650,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president now directly owns 47,030 shares in the company, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total transaction of $512,450.00. Following the transaction, the chief executive officer now owns 517,050 shares of the company’s stock, valued at $105,984,909. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock valued at $20,531,075 over the last three months. Corporate insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on AMZN shares. Mizuho lowered their price target on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company lowered their price target on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Morgan Stanley lowered their price target on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Tigress Financial lifted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $244.89.

Amazon.com Stock Performance

Amazon.com stock opened at $216.10 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $196.38 and a 200-day moving average of $209.26. The firm has a market cap of $2.29 trillion, a P/E ratio of 39.08, a P/E/G ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

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

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.