Sweeney & Michel LLC Purchases Shares of 13,483 Amazon.com, Inc. (NASDAQ:AMZN)

Sweeney & Michel LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 13,483 shares of the e-commerce giant’s stock, valued at approximately $2,565,000. Amazon.com comprises 1.0% of Sweeney & Michel LLC’s investment portfolio, making the stock its 22nd largest holding.

A number of other large investors also recently bought and sold shares of the stock. Momentous Wealth Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter worth approximately $749,000. 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 worth $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Evergreen Capital Management LLC increased its position in shares of Amazon.com by 0.5% during 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 in the last quarter. Bearing Point Capital LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth approximately $12,014,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after acquiring an additional 2,196,353 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on AMZN shares. Wells Fargo & Company reduced their price target on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Scotiabank reduced their price target on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, April 21st. Oppenheimer reduced their price target on Amazon.com from $260.00 to $220.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Stifel Nicolaus reduced their price target on Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, UBS Group reiterated a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $244.89.

Amazon.com Trading Down 0.5%

NASDAQ:AMZN opened at $212.10 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a market capitalization of $2.25 trillion, a price-to-earnings ratio of 38.35, a PEG ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a fifty day moving average price of $195.47 and a two-hundred day moving average price of $209.16.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating 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 return on equity of 24.25% and a net margin of 9.29%. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Matthew S. Garman sold 20,923 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the sale, the chief executive officer now owns 517,050 shares in the company, valued at approximately $105,984,909. The trade was a 0.48% decrease in their ownership of the stock. 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 quarter. Insiders own 9.70% of the company’s stock.

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.