Amazon.com, Inc. (NASDAQ:AMZN) Stake Increased by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,246 shares of the e-commerce giant’s stock after buying an additional 749 shares during the period. Amazon.com comprises about 1.2% of Princeton Global Asset Management LLC’s investment portfolio, making the stock its 25th largest position. Princeton Global Asset Management LLC’s holdings in Amazon.com were worth $5,945,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management acquired a new position in Amazon.com in the fourth quarter worth $35,000. Perritt Capital Management Inc boosted its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the period. Compass Planning Associates Inc acquired a new position in Amazon.com in the fourth quarter worth $51,000. Finally, Quattro Financial Advisors LLC boosted its holdings in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AMZN. BNP Paribas raised shares of Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Mizuho reduced their price target on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Barclays reduced their price target on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Oppenheimer boosted their price target on shares of Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Friday. Finally, Citizens Jmp reduced their price target on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $245.53.

Amazon.com Trading Down 1.3%

Shares of NASDAQ AMZN opened at $209.69 on Friday. The stock has a market cap of $2.23 trillion, a price-to-earnings ratio of 34.15, a PEG ratio of 1.61 and a beta of 1.33. The business has a 50 day simple moving average of $198.41 and a 200 day simple moving average of $209.31. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

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

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction 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 represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’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 $4,000,233.60. Following the sale, the chief executive officer now directly owns 2,148,694 shares of the company’s stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is owned by corporate insiders.

Amazon.com Company 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.