13,966 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Center For Asset Management LLC

Center For Asset Management LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 13,966 shares of the e-commerce giant’s stock, valued at approximately $2,657,000. Amazon.com makes up 1.6% of Center For Asset Management LLC’s portfolio, making the stock its 18th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Momentous Wealth Management Inc. purchased a new position in Amazon.com in the fourth quarter worth $749,000. Segall Bryant & Hamill LLC boosted its position in Amazon.com by 14.3% during the fourth 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 Amazon.com during the fourth quarter valued at about $12,014,000. Evergreen Capital Management LLC boosted its position in Amazon.com by 0.5% during 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 buying an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in Amazon.com by 173.6% during 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 buying an additional 2,196,353 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.1%

Shares of AMZN stock opened at $222.26 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $209.20 and its 200 day moving average is $208.66. The stock has a market capitalization of $2.36 trillion, a P/E ratio of 36.20, a P/E/G ratio of 1.67 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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 net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter last year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer owned 514,550 shares in the company, valued at $113,231,873. This trade represents a 0.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 384,124 shares of Amazon.com stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $224.02, for a total transaction of $86,051,458.48. Following the transaction, the insider owned 901,995,325 shares in the company, valued at $202,064,992,706.50. This represents a 0.04% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,886,613 shares of company stock worth $1,531,840,610. Company insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. BNP Paribas upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday. Morgan Stanley increased their target price on shares of Amazon.com from $250.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday. Citigroup reiterated a “market outperform” rating on shares of Amazon.com in a report on Thursday. Finally, Barclays dropped their target price 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. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $248.31.

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.