Main Street Research LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Main Street Research LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 312,450 shares of the e-commerce giant’s stock after buying an additional 5,502 shares during the period. Amazon.com comprises about 3.9% of Main Street Research LLC’s holdings, making the stock its 6th largest position. Main Street Research LLC’s holdings in Amazon.com were worth $59,447,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Western Wealth Management LLC raised its holdings in shares of Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $749,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter valued at about $514,000. Segall Bryant & Hamill LLC raised its holdings in shares of Amazon.com by 14.3% in 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 purchasing an additional 39,696 shares during the last quarter. Finally, Bearing Point Capital LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $12,014,000. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 25,099,537 shares of company stock worth $5,674,394,548 in the last three months. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on AMZN. Susquehanna increased their target price on shares of Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a report on Friday. 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. Tigress Financial increased 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. JMP Securities reiterated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday. Finally, Scotiabank raised their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $262.45.

Amazon.com Trading Down 1.4%

Shares of Amazon.com stock opened at $211.65 on Tuesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market cap of $2.25 trillion, a PE ratio of 32.26, a PEG ratio of 1.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a 50 day simple moving average of $218.42 and a two-hundred day simple moving average of $208.93.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period in the previous year, the business posted $1.26 earnings per share. Amazon.com’s revenue for the quarter was up 13.3% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.