BG Investment Services Inc. Purchases New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

BG Investment Services Inc. acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,128 shares of the e-commerce giant's stock, valued at approximately $467,000. Amazon.com comprises 0.5% of BG Investment Services Inc.'s portfolio, making the stock its 24th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter worth about $749,000. Florida Financial Advisors LLC grew its position in Amazon.com by 14.2% during the 4th quarter. Florida Financial Advisors LLC now owns 10,208 shares of the e-commerce giant's stock worth $2,180,000 after acquiring an additional 1,273 shares during the last quarter. Aire Advisors LLC increased its stake in Amazon.com by 9.5% in the 4th quarter. Aire Advisors LLC now owns 29,871 shares of the e-commerce giant's stock worth $6,553,000 after purchasing an additional 2,581 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in Amazon.com by 3.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 329,362 shares of the e-commerce giant's stock valued at $72,259,000 after purchasing an additional 11,905 shares during the last quarter. Finally, Baxter Bros Inc. boosted its stake in shares of Amazon.com by 3.2% during the fourth quarter. Baxter Bros Inc. now owns 31,002 shares of the e-commerce giant's stock valued at $6,802,000 after purchasing an additional 971 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $10,933,860. The trade was a 22.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Mizuho lowered their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Jefferies Financial Group lowered their price objective on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday. HSBC raised their target price on Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Raymond James reiterated an "outperform" rating and issued a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Finally, Citizens Jmp reduced their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $247.56.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $2.45 during mid-day trading on Friday, reaching $188.99. 36,349,105 shares of the company traded hands, compared to its average volume of 41,913,658. The firm has a market cap of $2.00 trillion, a PE ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company's 50 day moving average price is $193.52 and its 200-day moving average price is $207.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.