Barnes Pettey Financial Advisors LLC Purchases 109 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Barnes Pettey Financial Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,894 shares of the e-commerce giant’s stock after buying an additional 109 shares during the quarter. Barnes Pettey Financial Advisors LLC’s holdings in Amazon.com were worth $741,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Western Wealth Management LLC increased its position in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. acquired a new stake in Amazon.com in the 4th quarter valued at about $749,000. Segall Bryant & Hamill LLC increased its position in Amazon.com by 14.3% in 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 acquiring an additional 39,696 shares in the last quarter. Bearing Point Capital LLC acquired a new stake in Amazon.com in the fourth quarter worth about $12,014,000. Finally, Evergreen Capital Management LLC increased its position in Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after purchasing an additional 1,198 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the transaction, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 733,195 shares of the firm’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total value of $166,449,928.90. Following the completion of the transaction, the insider owned 894,546,706 shares in the company, valued at approximately $203,079,993,196.12. This trade represents a 0.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,335,232 shares of company stock worth $3,210,622,570. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $229.19 on Tuesday. The stock has a 50-day moving average price of $213.50 and a 200-day moving average price of $208.51. 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 stock has a market capitalization of $2.43 trillion, a P/E ratio of 37.33, a PEG ratio of 1.69 and a beta of 1.33.

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

Analysts Set New Price Targets

Several equities research analysts have commented on AMZN shares. Citizens Jmp assumed coverage on Amazon.com in a research note on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Rosenblatt Securities raised their target price on shares of Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Barclays decreased their target price on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. DA Davidson decreased their target price on Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $220.00 target price on shares of Amazon.com 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 two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $250.02.

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.