Amazon.com, Inc. $AMZN Shares Purchased by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,394 shares of the e-commerce giant’s stock after buying an additional 71 shares during the period. Amazon.com accounts for approximately 1.5% of Eagle Bay Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Eagle Bay Advisors LLC’s holdings in Amazon.com were worth $1,787,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Signet Investment Advisory Group Inc. increased its holdings in shares of Amazon.com by 0.9% during the first quarter. Signet Investment Advisory Group Inc. now owns 14,650 shares of the e-commerce giant’s stock valued at $2,787,000 after purchasing an additional 137 shares during the period. Milestones Administradora de Recursos Ltda. increased its holdings in shares of Amazon.com by 10.6% during the first quarter. Milestones Administradora de Recursos Ltda. now owns 263,715 shares of the e-commerce giant’s stock valued at $50,174,000 after purchasing an additional 25,280 shares during the period. WNY Asset Management LLC increased its holdings in shares of Amazon.com by 6.4% during the first quarter. WNY Asset Management LLC now owns 24,204 shares of the e-commerce giant’s stock valued at $4,605,000 after purchasing an additional 1,458 shares during the period. Montag A & Associates Inc. increased its holdings in shares of Amazon.com by 7.3% during the first quarter. Montag A & Associates Inc. now owns 197,706 shares of the e-commerce giant’s stock valued at $37,616,000 after purchasing an additional 13,473 shares during the period. Finally, Integrated Capital Management LLC increased its holdings in shares of Amazon.com by 1.4% during the first quarter. Integrated Capital Management LLC now owns 6,200 shares of the e-commerce giant’s stock valued at $1,180,000 after purchasing an additional 84 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.0%

AMZN opened at $231.03 on Monday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The business has a 50-day moving average of $221.41 and a 200-day moving average of $208.26. 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 market capitalization of $2.46 trillion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company 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 business earned $1.26 EPS. The business’s quarterly revenue was up 13.3% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 25,096,253 shares of company stock valued at $5,673,745,409. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BMO Capital Markets raised their price target on Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, August 1st. The Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Wells Fargo & Company lifted their target price on Amazon.com from $238.00 to $245.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Stifel Nicolaus lifted their target price on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Finally, Jefferies Financial Group lifted their target price on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. One research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $262.87.

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.