Amazon.com, Inc. (NASDAQ:AMZN) is Oxinas Partners Wealth Management LLC's 6th Largest Position

Oxinas Partners Wealth Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,712 shares of the e-commerce giant's stock after buying an additional 2,829 shares during the period. Amazon.com comprises approximately 3.3% of Oxinas Partners Wealth Management LLC's investment portfolio, making the stock its 6th biggest position. Oxinas Partners Wealth Management LLC's holdings in Amazon.com were worth $5,653,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Tallon Kerry Patrick bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $800,000. Capital & Planning LLC increased its position in shares of Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after purchasing an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC increased its position in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after purchasing an additional 860 shares in the last quarter. Brighton Jones LLC increased its position in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Amazon.com during the fourth quarter worth $301,650,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Amazon.com stock opened at $212.52 on Thursday. The stock has a market cap of $2.26 trillion, a P/E ratio of 34.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. The company has a fifty day simple moving average of $197.28 and a 200-day simple moving average of $209.32. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. 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 (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.98 EPS. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AMZN shares. Evercore ISI cut their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Bank of America increased their target price on shares of Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. Stifel Nicolaus reduced their price target on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Jefferies Financial Group cut their price objective on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Wedbush restated an "outperform" rating and set a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $244.89.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now owns 5,465 shares of the company's stock, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is owned by company insiders.

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.

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