Integral Investment Advisors Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 37.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 380 shares of the e-commerce giant’s stock after purchasing an additional 103 shares during the quarter. Amazon.com makes up 0.8% of Integral Investment Advisors Inc.’s portfolio, making the stock its 29th biggest position. Integral Investment Advisors Inc.’s holdings in Amazon.com were worth $1,239,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $27,000. Gibson Wealth Advisors LLC bought a new position in Amazon.com during the fourth quarter worth about $33,000. Leverty Financial Group LLC acquired a new position in shares of Amazon.com during the 4th quarter worth about $36,000. MBM Wealth Consultants LLC increased its stake in shares of Amazon.com by 57.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after acquiring an additional 4 shares during the last quarter. Finally, William Allan LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $47,000. 72.51% of the stock is owned by institutional investors.
Analyst Ratings Changes
AMZN has been the subject of several recent analyst reports. Cowen upped their target price on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Telsey Advisory Group lifted their target price on Amazon.com from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. JPMorgan Chase & Co. increased their price target on Amazon.com from $175.00 to $185.00 and gave the stock a “maintains” rating in a report on Friday, July 29th. Susquehanna dropped their price target on Amazon.com from $250.00 to $190.00 in a research report on Friday, April 29th. Finally, Redburn Partners began coverage on Amazon.com in a research report on Wednesday, June 29th. They issued a “buy” rating and a $270.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.45.
Amazon.com Trading Up 4.0 %
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). The firm had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 1.06 earnings per share for the current year.
Insider Activity at Amazon.com
In other Amazon.com news, CEO David H. Clark sold 2,270 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the sale, the chief executive officer now owns 6,695 shares of the company’s stock, valued at approximately $14,522,927.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO David H. Clark sold 2,270 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the completion of the sale, the chief executive officer now owns 6,695 shares of the company’s stock, valued at approximately $14,522,927.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 1,181 shares of Amazon.com stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the completion of the transaction, the chief executive officer now directly owns 92,781 shares in the company, valued at $209,870,622. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,803 shares of company stock worth $10,528,337. Corporate insiders own 12.70% of the company’s stock.
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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