Pegasus Asset Management Inc. Acquires 244 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Pegasus Asset Management Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,912 shares of the e-commerce giant’s stock after buying an additional 244 shares during the period. Amazon.com makes up 2.8% of Pegasus Asset Management Inc.’s portfolio, making the stock its 13th biggest position. Pegasus Asset Management Inc.’s holdings in Amazon.com were worth $7,023,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMZN. Tallon Kerry Patrick purchased a new stake in shares of Amazon.com during the fourth quarter valued at $800,000. Capital & Planning LLC boosted its position in shares of Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock valued at $856,000 after buying an additional 1,635 shares during the last quarter. LaFleur & Godfrey LLC lifted its holdings in Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock valued at $10,839,000 after acquiring an additional 860 shares during the period. Brighton Jones LLC lifted its holdings in Amazon.com by 10.9% in the fourth 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 during the period. Finally, Union Bancaire Privee UBP SA purchased a new position in Amazon.com in the fourth quarter worth about $301,650,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Benchmark reaffirmed a “buy” rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Rosenblatt Securities upped their price target on shares of Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Westpark Capital reaffirmed a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $245.60.

Insider Activity

In other news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was 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 directly owned 47,030 shares in the company, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,426,963 shares of company stock worth $757,297,707. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Up 1.5%

NASDAQ AMZN opened at $223.13 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market capitalization of $2.37 trillion, a P/E ratio of 36.34, a P/E/G ratio of 1.68 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 has a 50 day moving average price of $206.44 and a 200-day moving average price of $208.62.

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

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.