Amazon.com, Inc. (NASDAQ:AMZN) Position Boosted by Masso Torrence Wealth Management Inc.

Masso Torrence Wealth Management Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,451 shares of the e-commerce giant's stock after buying an additional 1,417 shares during the period. Amazon.com accounts for 3.2% of Masso Torrence Wealth Management Inc.'s portfolio, making the stock its 9th biggest position. Masso Torrence Wealth Management Inc.'s holdings in Amazon.com were worth $5,984,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on AMZN shares. Evercore ISI dropped their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a report on Thursday. BNP Paribas raised Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Wells Fargo & Company boosted their target price on Amazon.com from $201.00 to $238.00 and gave the stock an "equal weight" rating in a report on Tuesday. Finally, UBS Group reissued a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $249.42.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 384,124 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $224.02, for a total value of $86,051,458.48. Following the completion of the sale, the insider directly owned 901,995,325 shares of the company's stock, valued at $202,064,992,706.50. This trade represents a 0.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 2,695 shares of the firm'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 value of $541,129.05. Following the completion of the sale, the vice president directly owned 119,780 shares of the company's stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,886,613 shares of company stock valued at $1,531,840,610 over the last quarter. Company insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $225.02 on Friday. The stock has a 50 day moving average of $209.90 and a 200 day moving average of $208.63. 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 $2.39 trillion, a PE ratio of 36.65, a PEG ratio of 1.67 and a beta of 1.33. 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, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.

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