Bigelow Investment Advisors LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bigelow Investment Advisors LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,140 shares of the e-commerce giant’s stock after purchasing an additional 238 shares during the quarter. Amazon.com comprises approximately 1.0% of Bigelow Investment Advisors LLC’s portfolio, making the stock its 25th largest holding. Bigelow Investment Advisors LLC’s holdings in Amazon.com were worth $2,119,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AMZN. Momentous Wealth Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter valued at approximately $749,000. Segall Bryant & Hamill LLC raised its position 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 valued at $69,572,000 after buying an additional 39,696 shares during the period. Bearing Point Capital LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at approximately $12,014,000. Evergreen Capital Management LLC raised its position in shares of Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after buying an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after buying an additional 2,196,353 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 1.5%

AMZN stock opened at $223.13 on Monday. The company’s 50 day simple moving average is $206.44 and its 200-day simple moving average is $208.52. The firm has a market capitalization of $2.37 trillion, a PE ratio of 36.34, a P/E/G ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last released 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 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 company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AMZN shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Scotiabank dropped their target price on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday, April 21st. Moffett Nathanson lifted their target price on shares of Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a report on Tuesday, June 24th. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a report on Tuesday, July 1st. Finally, Tigress Financial lifted their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.60.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $9,876,930. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,426,963 shares of company stock valued at $757,297,707. 10.80% of the stock is owned by corporate insiders.

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.