Baker Ellis Asset Management LLC Acquires 714 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Baker Ellis Asset Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,334 shares of the e-commerce giant’s stock after buying an additional 714 shares during the period. Baker Ellis Asset Management LLC’s holdings in Amazon.com were worth $3,488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AMZN. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the 4th quarter worth about $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc boosted its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the period. Compass Planning Associates Inc bought a new position in Amazon.com in the fourth quarter worth approximately $51,000. Finally, Quattro Financial Advisors LLC grew its stake 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 in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction that occurred 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 owns 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 in the last 90 days. 9.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. DA Davidson dropped their price objective on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Jefferies Financial Group dropped their target price on Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Scotiabank reduced their price target on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday, April 21st. Barclays decreased their price objective on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Finally, Citizens Jmp cut their target price on Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $245.64.

Amazon.com Stock Performance

Amazon.com stock opened at $217.12 on Friday. The firm has a market capitalization of $2.31 trillion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 1.60 and a beta of 1.33. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock’s 50 day moving average price is $201.25 and its 200 day moving average price is $209.02. 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 issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 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 net margin of 10.14% and a return on equity of 24.14%. The firm’s 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. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.