Hummer Financial Advisory Services Inc Purchases 570 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hummer Financial Advisory Services Inc lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,180 shares of the e-commerce giant’s stock after acquiring an additional 570 shares during the quarter. Amazon.com accounts for approximately 5.4% of Hummer Financial Advisory Services Inc’s holdings, making the stock its 4th largest position. Hummer Financial Advisory Services Inc’s holdings in Amazon.com were worth $6,526,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Platform Technology Partners raised its stake in Amazon.com by 7.1% during the third quarter. Platform Technology Partners now owns 51,941 shares of the e-commerce giant’s stock worth $6,364,000 after acquiring an additional 3,422 shares during the period. Plancorp LLC raised its position in shares of Amazon.com by 14.8% during the 3rd quarter. Plancorp LLC now owns 26,829 shares of the e-commerce giant’s stock worth $3,411,000 after purchasing an additional 3,449 shares during the period. Fort Point Capital Partners LLC raised its position in shares of Amazon.com by 4.0% during the 3rd quarter. Fort Point Capital Partners LLC now owns 56,063 shares of the e-commerce giant’s stock worth $7,127,000 after purchasing an additional 2,131 shares during the period. Kennon Green & Company LLC lifted its holdings in shares of Amazon.com by 8.7% in the 3rd quarter. Kennon Green & Company LLC now owns 6,004 shares of the e-commerce giant’s stock worth $763,000 after purchasing an additional 482 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Amazon.com by 14.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 640,836 shares of the e-commerce giant’s stock valued at $81,463,000 after purchasing an additional 82,756 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 1.9 %

NASDAQ:AMZN opened at $185.57 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a market capitalization of $1.93 trillion, a P/E ratio of 51.98, a P/E/G ratio of 1.33 and a beta of 1.14. The stock’s 50 day moving average price is $182.82 and its 200 day moving average price is $172.00. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $191.70.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent research reports. Morgan Stanley raised their target price on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group boosted their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Benchmark reiterated a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Monness Crespi & Hardt raised their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $215.37.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the completion of the transaction, the chief executive officer now directly owns 2,025,358 shares in the company, valued at approximately $367,480,955.52. The disclosure for this sale can be found here. Insiders sold 65,338 shares of company stock valued at $11,894,344 over the last quarter. Insiders own 10.80% of the company’s stock.

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.