44 Wealth Management LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• 44 Wealth Management LLC increased its stake in Amazon.com, acquiring an additional 2,089 shares to reach a total of 7,090 shares, valued at approximately $1.35 million.
• Amazon.com has numerous institutional investors, with 72.20% of its stock owned by these entities, reflecting strong interest in the e-commerce giant.
• Insider Jeffrey P. Bezos sold over 2.6 million shares of Amazon stock, resulting in a 0.30% decrease in his holdings but still retaining nearly 884 million shares worth approximately $203.65 billion.

44 Wealth Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 41.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,090 shares of the e-commerce giant's stock after acquiring an additional 2,089 shares during the period. 44 Wealth Management LLC's holdings in Amazon.com were worth $1,349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Northern Capital Management Inc. lifted its stake in shares of Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after purchasing an additional 45 shares during the period. Balanced Wealth Group LLC lifted its position in Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after buying an additional 48 shares during the period. ETF Store Inc. lifted its position in Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after buying an additional 48 shares during the period. TD Capital Management LLC lifted its position in Amazon.com by 1.6% during the fourth quarter. TD Capital Management LLC now owns 3,058 shares of the e-commerce giant's stock valued at $671,000 after buying an additional 49 shares during the period. Finally, Conservest Capital Advisors Inc. lifted its position in Amazon.com by 0.8% during the fourth quarter. Conservest Capital Advisors Inc. now owns 6,651 shares of the e-commerce giant's stock valued at $1,459,000 after buying an additional 50 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548 over the last ninety days. Company insiders own 9.70% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN traded down $19.36 on Friday, reaching $214.75. The company had a trading volume of 122,007,379 shares, compared to its average volume of 44,843,602. The firm's 50 day moving average price is $217.93 and its 200 day moving average price is $209.23. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market capitalization of $2.28 trillion, a PE ratio of 34.98, a price-to-earnings-growth ratio of 1.71 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on AMZN shares. Canaccord Genuity Group reissued a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday. Telsey Advisory Group raised their price objective on Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday. Oppenheimer lowered their price target on Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a research report on Friday. Robert W. Baird lifted their price target on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, UBS Group reaffirmed a "buy" rating and issued a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a research report on Monday. Three analysts have rated the stock with a hold rating, forty-six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $260.85.

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.