Amazon.com, Inc. (NASDAQ:AMZN) shares rose on Grimes & Company Inc.

Grimes & Company Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the first quarter, according to the company’s latest filing with the Securities & Exchange Commission. The fund held 141,608 shares of the e-commerce giant after buying an additional 3,058 shares during the quarter. Amazon.com owns 0.8% of Grimes & Company Inc., making the stock its 28th-largest position. Grimes & Company Inc.’s stake in Amazon.com was worth $25,543,000 at the end of the last quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Griffin Asset Management Inc. increased its stake in Amazon.com by 0.9% in the first quarter. Griffin Asset Management Inc. now owns 72,389 shares of the e-commerce giant’s stock worth $13,058,000 after acquiring an additional 654 shares in the last quarter. Criterion Capital Advisors LLC increased its stake in Amazon.com stock by 7.5% in the first quarter. Criterion Capital Advisors LLC now owns 12,248 shares of the e-commerce giant’s stock worth $2,209,000 after acquiring an additional 854 shares in the last quarter. Garrison Bradford & Associates Inc. increased its stake in Amazon.com stock by 9.8% in the first quarter. Garrison Bradford & Associates Inc. now owns 14,867 shares of the e-commerce giant’s stock worth $2,682,000 after purchasing an additional 1,330 shares during the last quarter. Trifecta Capital Advisors LLC increased its holdings in Amazon.com by 8.8% in the first quarter. Trifecta Capital Advisors LLC now owns 98,459 shares of the e-commerce giant’s stock worth $17,760,000 after purchasing an additional 7,930 shares during the period. Finally, First Dallas Securities Inc. increased its position in Amazon.com by 56.1% in the first quarter. First Dallas Securities Inc. now owns 21,242 shares of the e-commerce giant’s stock worth $3,832,000 after purchasing an additional 7,636 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Buying and selling confidential information

In other Amazon.com news, insider Jeffrey P. Bezos sold 1,463,437 shares of the stock in a transaction that occurred on Tuesday, July 2. The shares were sold at an average price of $200.08, for a total transaction amount of $292,804,474.96. Following the transaction, the insider now owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Wednesday, May 1. The shares were sold at an average price of $180.29, for a total transaction amount of $631,015.00. Following the completion of the sale, the CEO now owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The sale was disclosed in documents filed with the SEC, which are available on the SEC’s website. Additionally, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction that occurred on Tuesday, July 2. The shares were sold at an average price of $200.08, for a total value of $292,804,474.96. Following the completion of the sale, the insider now directly owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. Disclosure regarding this sale can be found here. Over the last ninety days, insiders have sold 1,532,985 shares of the company’s stock, valued at a total value of $305,578,679. Currently, 10.80% of the shares are held by insiders.

Wall Street analysts predict growth

Several analysts have recently commented on AMZN shares. DA Davidson reaffirmed a “buy” rating and issued a $235.00 price target on the stock in a research note on Thursday, April 18. Mizuho raised their price target for Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1. UBS Group raised their price target for Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. Citigroup raised their price target for Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, May 1. Finally, Roth Mkm reiterated a “buy” rating and issued a $210.00 price target (up from $205.00) for shares of Amazon.com in a research report on Wednesday, May 1. One investment analyst rated the stock a “hold,” forty-three gave a buy rating, and one gave the stock a strong buy rating. According to MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average price target of $215.86.

See our latest report on AMZN

Amazon.com shares up 1.2%

AMZN stock opened at $200.00 on Friday. The company has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a PEG ratio of 1.41 and a beta of 1.15. The low price of Amazon.com, Inc. stock during the year is $118.35, and a high of $200.55. The company has a 50-day simple moving average of $185.99 and a 200-day simple moving average of $174.63. The company has a current liquidity ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenue increased 12.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share. Sell-side analysts are predicting that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

About Amazon.com

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

Buying and selling confidential information

Wall Street analysts predict growth

Amazon.com shares up 1.2%

About Amazon.com

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