Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,215 shares of the e-commerce giant’s stock after buying an additional 94 shares during the quarter. Amazon.com accounts for approximately 0.7% of Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s holdings, making the stock its 10th biggest holding. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s holdings in Amazon.com were worth $2,369,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Wealth Quarterback LLC purchased a new stake in Amazon.com during the 4th quarter worth about $2,313,511,000. State Street Corp increased its position in Amazon.com by 1.2% during the 4th quarter. State Street Corp now owns 16,906,057 shares of the e-commerce giant’s stock worth $31,239,688,000 after purchasing an additional 200,105 shares in the last quarter. Geode Capital Management LLC increased its position in Amazon.com by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 5,901,043 shares of the e-commerce giant’s stock worth $10,879,622,000 after purchasing an additional 188,730 shares in the last quarter. Baillie Gifford & Co. increased its position in Amazon.com by 1.3% during the 4th quarter. Baillie Gifford & Co. now owns 4,493,110 shares of the e-commerce giant’s stock worth $8,302,548,000 after purchasing an additional 56,178 shares in the last quarter. Finally, Norges Bank purchased a new stake in Amazon.com during the 4th quarter worth about $8,070,972,000. Institutional investors and hedge funds own 55.68% of the company’s stock.

In other Amazon.com news, CEO Andrew R. Jassy sold 6,945 shares of Amazon.com stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total transaction of $15,671,392.50. Following the sale, the chief executive officer now directly owns 93,105 shares in the company, valued at approximately $210,091,432.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Indra K. Nooyi acquired 100 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were acquired at an average price of $1,930.41 per share, for a total transaction of $193,041.00. Following the completion of the acquisition, the director now directly owns 352 shares in the company, valued at $679,504.32. The disclosure for this purchase can be found here. Insiders have sold a total of 9,497 shares of company stock worth $21,605,827 over the last 90 days. 16.10% of the stock is owned by company insiders.

AMZN stock opened at $2,436.88 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.08 and a debt-to-equity ratio of 0.36. Amazon.com, Inc. has a 52-week low of $1,626.03 and a 52-week high of $2,525.45. The stock’s 50 day moving average is $2,278.38 and its two-hundred day moving average is $1,975.00. The company has a market capitalization of $1,220.38 billion, a PE ratio of 116.43, a P/E/G ratio of 5.16 and a beta of 1.34.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, April 30th. The e-commerce giant reported $5.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.36 by ($1.35). Amazon.com had a return on equity of 17.83% and a net margin of 3.56%. The business had revenue of $75.45 billion for the quarter, compared to analysts’ expectations of $74.15 billion. During the same quarter in the prior year, the firm earned $7.09 earnings per share. Amazon.com’s revenue for the quarter was up 26.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 19.75 EPS for the current year.

A number of analysts recently commented on AMZN shares. DA Davidson reiterated a “buy” rating and set a $2,625.00 price objective (up previously from $2,550.00) on shares of Amazon.com in a research report on Friday, January 31st. Cfra lifted their price objective on Amazon.com from $1,950.00 to $2,300.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. China International Capital lifted their price objective on Amazon.com from $1,850.00 to $2,162.00 in a research report on Wednesday, May 6th. Cowen reissued a “buy” rating and issued a $2,700.00 price target on shares of Amazon.com in a research note on Friday, April 17th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Amazon.com in a research note on Monday, May 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $2,538.89.

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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

Featured Story: Trading Strategy

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.