Amazon.com, Inc. (NASDAQ:AMZN) Stake Boosted by GPM Growth Investors Inc.

GPM Growth Investors Inc. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 53,532 shares of the e-commerce giant’s stock after buying an additional 1,038 shares during the quarter. Amazon.com accounts for approximately 4.5% of GPM Growth Investors Inc.’s portfolio, making the stock its 8th largest holding. GPM Growth Investors Inc.’s holdings in Amazon.com were worth $10,185,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Western Wealth Management LLC lifted its holdings in Amazon.com by 0.9% during 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. bought a new stake in shares of Amazon.com during the fourth quarter valued at about $749,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Amazon.com during the first quarter valued at about $514,000. Segall Bryant & Hamill LLC increased its position in shares of 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. Finally, Bearing Point Capital LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at about $12,014,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 25,101,037 shares of company stock worth $5,674,726,368 in the last ninety days. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

AMZN opened at $221.47 on Wednesday. The stock has a fifty day simple moving average of $220.25 and a two-hundred day simple moving average of $208.61. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.36 trillion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52.

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

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. Monness Crespi & Hardt upped their price target on Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 1st. BNP Paribas upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. The Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Wedbush upped their price target on Amazon.com from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, Oppenheimer decreased their price objective on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a research report on Friday, August 1st. One research 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 stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $262.45.

Amazon.com Company 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.