Menard Financial Group LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Menard Financial Group LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,489 shares of the e-commerce giant’s stock after buying an additional 1,748 shares during the period. Amazon.com makes up about 4.0% of Menard Financial Group LLC’s investment portfolio, making the stock its 3rd largest holding. Menard Financial Group LLC’s holdings in Amazon.com were worth $6,689,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of AMZN. Momentous Wealth Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC raised its stake in Amazon.com by 14.3% during 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 purchasing an additional 39,696 shares during the period. Evergreen Capital Management LLC raised its stake in Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after purchasing an additional 1,198 shares during the period. Bearing Point Capital LLC acquired a new stake in Amazon.com during the 4th quarter valued at $12,014,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after purchasing an additional 2,196,353 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total transaction of $512,450.00. Following the sale, the chief executive officer now owns 517,050 shares in the company, valued at $105,984,909. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock valued at $20,531,075 over the last three months. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

AMZN opened at $213.57 on Friday. The firm has a market capitalization of $2.27 trillion, a P/E ratio of 38.62, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The stock’s 50 day moving average price is $191.84 and its two-hundred day moving average price is $208.71. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on AMZN shares. JMP Securities reissued a “market outperform” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Mizuho dropped their target price on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Barclays dropped their target price on Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Bank of America upped their target price on Amazon.com from $230.00 to $248.00 and gave the company a “buy” rating in a report on Monday, June 2nd. Finally, Wall Street Zen lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $244.89.

About Amazon.com

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.