1900 Wealth Management LLC Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

1900 Wealth Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,814 shares of the e-commerce giant's stock after buying an additional 2,879 shares during the quarter. 1900 Wealth Management LLC's holdings in Amazon.com were worth $4,911,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc boosted its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc acquired a new stake in Amazon.com in the fourth quarter valued at approximately $51,000. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of several research reports. Cantor Fitzgerald lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective for the company in a report on Friday, June 27th. Scotiabank decreased their target price on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $235.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $245.60.

Insider Buying and Selling at Amazon.com

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the sale, the chief financial officer owned 49,000 shares in the company, valued at approximately $9,876,930. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the sale, the senior vice president directly owned 47,030 shares in the company, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,426,963 shares of company stock worth $757,297,707 in the last ninety days. Insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $3.21 during mid-day trading on Thursday, hitting $223.13. The company had a trading volume of 29,632,353 shares, compared to its average volume of 41,973,367. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.34, a P/E/G ratio of 1.66 and a beta of 1.33. The stock's 50-day moving average price is $205.03 and its 200-day moving average price is $208.83.

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. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.