Adamsbrown Wealth Consultants LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Adamsbrown Wealth Consultants LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,572 shares of the e-commerce giant’s stock after purchasing an additional 268 shares during the period. Amazon.com accounts for about 0.6% of Adamsbrown Wealth Consultants LLC’s holdings, making the stock its 25th biggest position. Adamsbrown Wealth Consultants LLC’s holdings in Amazon.com were worth $1,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Momentous Wealth Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth approximately $749,000. Segall Bryant & Hamill LLC lifted its stake in shares of Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after purchasing an additional 39,696 shares during the period. Bearing Point Capital LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $12,014,000. Evergreen Capital Management LLC grew its position in shares of 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 period. Finally, Arrowstreet Capital Limited Partnership increased its stake 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. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 20,923 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 in the last three months. 9.70% of the stock is owned by insiders.

Amazon.com Price Performance

AMZN stock opened at $212.52 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock’s 50 day moving average is $197.28 and its two-hundred day moving average is $209.32. The company has a market capitalization of $2.26 trillion, a PE ratio of 34.61, a P/E/G ratio of 1.63 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the business earned $0.98 EPS. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. JMP Securities restated a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. DA Davidson decreased their price target on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Benchmark restated a “buy” rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.89.

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.