GHP Investment Advisors Inc. Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

GHP Investment Advisors Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,661 shares of the e-commerce giant’s stock after acquiring an additional 206 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Amazon.com were worth $1,267,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth approximately $27,000. LSV Asset Management acquired a new stake in Amazon.com during the fourth quarter worth approximately $35,000. Perritt Capital Management Inc boosted its position in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com in the 1st quarter valued at $40,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Amazon.com during the 4th quarter valued at $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 0.3%

Shares of Amazon.com stock opened at $225.69 on Tuesday. The business has a 50-day moving average of $210.69 and a 200-day moving average of $208.38. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market capitalization of $2.40 trillion, a PE ratio of 36.76, a P/E/G ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 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 business 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 company’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the transaction, the senior vice president owned 47,030 shares of the company’s stock, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Westpark Capital reissued a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday. Tigress Financial boosted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Tuesday, July 8th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday, July 10th. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $249.42.

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.