1858 Wealth Management LLC Buys 1,207 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

1858 Wealth Management LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,050 shares of the e-commerce giant's stock after purchasing an additional 1,207 shares during the quarter. Amazon.com accounts for approximately 2.9% of 1858 Wealth Management LLC's holdings, making the stock its 7th biggest position. 1858 Wealth Management LLC's holdings in Amazon.com were worth $3,434,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Kennedy Investment Group grew its stake in shares of Amazon.com by 0.7% during the 1st quarter. Kennedy Investment Group now owns 64,734 shares of the e-commerce giant's stock valued at $12,316,000 after acquiring an additional 473 shares during the period. Madison Wealth Partners Inc raised its holdings in shares of Amazon.com by 1.9% during the 1st quarter. Madison Wealth Partners Inc now owns 20,092 shares of the e-commerce giant's stock worth $3,823,000 after acquiring an additional 375 shares in the last quarter. Veridan Wealth LLC raised its holdings in shares of Amazon.com by 3.8% during the 1st quarter. Veridan Wealth LLC now owns 3,680 shares of the e-commerce giant's stock worth $700,000 after acquiring an additional 135 shares in the last quarter. MBE Wealth Management LLC raised its holdings in shares of Amazon.com by 51.4% during the 1st quarter. MBE Wealth Management LLC now owns 3,790 shares of the e-commerce giant's stock worth $721,000 after acquiring an additional 1,286 shares in the last quarter. Finally, Wolff Wiese Magana LLC raised its holdings in shares of Amazon.com by 8.9% during the 1st quarter. Wolff Wiese Magana LLC now owns 12,880 shares of the e-commerce giant's stock worth $2,451,000 after acquiring an additional 1,057 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMZN. Rosenblatt Securities increased their price target on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Barclays cut their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Wedbush reissued an "outperform" rating and set a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Scotiabank dropped their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Finally, Moffett Nathanson increased their price target on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $250.35.

Amazon.com Stock Performance

AMZN stock traded down $3.16 during trading on Wednesday, hitting $223.19. 39,418,490 shares of the company traded hands, compared to its average volume of 42,075,959. The stock's 50-day simple moving average is $211.52 and its 200 day simple moving average is $208.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market cap of $2.37 trillion, a PE ratio of 36.35, a P/E/G ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.98 earnings per share. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares of the company's stock, valued at $113,231,873. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,442,187 shares of Amazon.com stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $225.89, for a total value of $551,665,621.43. Following the completion of the sale, the insider directly owned 895,279,901 shares in the company, valued at $202,234,776,836.89. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,602,037 shares of company stock valued at $3,044,172,641 over the last 90 days. Company 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.