Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 284.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 396,506 shares of the e-commerce giant's stock after purchasing an additional 293,277 shares during the quarter. Amazon.com accounts for 2.9% of Kingswood Wealth Advisors LLC's investment portfolio, making the stock its 5th biggest holding. Kingswood Wealth Advisors LLC's holdings in Amazon.com were worth $76,031,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Momentous Wealth Management Inc. acquired a new stake in Amazon.com during the 4th quarter valued at $749,000. Segall Bryant & Hamill LLC raised its stake in Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the period. Bearing Point Capital LLC acquired a new stake in Amazon.com during the 4th quarter valued at $12,014,000. Evergreen Capital Management LLC raised its stake in Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after purchasing an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after purchasing an additional 2,196,353 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $9,876,930. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,426,963 shares of company stock valued at $757,297,707 in the last quarter. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $0.06 during mid-day trading on Monday, hitting $223.47. The company had a trading volume of 36,547,965 shares, compared to its average volume of 42,009,887. 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 business's 50-day simple moving average is $206.44 and its 200-day simple moving average is $208.52. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market cap of $2.37 trillion, a P/E ratio of 36.40, a PEG ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its 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 net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter last year, the company earned $0.98 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on AMZN. Benchmark reissued a "buy" rating and set a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Royal Bank Of Canada dropped their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Mizuho dropped their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Morgan Stanley dropped their price target on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $245.60.

Amazon.com 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.