St. Johns Investment Management Company LLC Purchases 1,816 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

St. Johns Investment Management Company LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,812 shares of the e-commerce giant’s stock after purchasing an additional 1,816 shares during the period. Amazon.com makes up approximately 2.3% of St. Johns Investment Management Company LLC’s holdings, making the stock its 9th biggest position. St. Johns Investment Management Company LLC’s holdings in Amazon.com were worth $4,721,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com in the fourth quarter valued at $35,000. Perritt Capital Management Inc boosted its stake 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 valued at $42,000 after buying an additional 80 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in Amazon.com during the first quarter worth about $40,000. Finally, Capitol Family Office Inc. bought a new stake in Amazon.com in the first quarter worth about $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent research reports. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research note on Tuesday, July 8th. JMP Securities upped their price target on Amazon.com from $250.00 to $285.00 and gave the company a “market outperform” rating in a report on Thursday, July 10th. Jefferies Financial Group decreased their target price on Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Rosenblatt Securities increased their price target on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Finally, Moffett Nathanson boosted their price objective on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $249.42.

Amazon.com Stock Up 0.3%

AMZN opened at $226.35 on Wednesday. The company has a market capitalization of $2.40 trillion, a P/E ratio of 36.86, a P/E/G ratio of 1.69 and a beta of 1.33. 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 firm’s fifty day moving average price is $211.52 and its two-hundred day moving average price is $208.50. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the sale, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction on Wednesday, May 21st. The stock was 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 13,602,037 shares of company stock valued at $3,044,172,641. Corporate insiders own 10.80% of the company’s stock.

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.