Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Smith Salley Wealth Management

Smith Salley Wealth Management raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 255,934 shares of the e-commerce giant's stock after purchasing an additional 2,328 shares during the quarter. Amazon.com comprises 3.2% of Smith Salley Wealth Management's holdings, making the stock its 5th biggest position. Smith Salley Wealth Management's holdings in Amazon.com were worth $48,694,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of AMZN. Western Wealth Management LLC increased its stake in shares of Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after acquiring an additional 1,297 shares during the period. Momentous Wealth Management Inc. purchased a new position in Amazon.com in the fourth quarter valued at $749,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Amazon.com in the first quarter valued at $514,000. Segall Bryant & Hamill LLC increased its holdings 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 valued at $69,572,000 after buying an additional 39,696 shares in the last quarter. Finally, Bearing Point Capital LLC purchased a new position in Amazon.com in the fourth quarter valued at $12,014,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 0.6%

AMZN traded up $1.35 during trading hours on Monday, hitting $232.79. 26,233,111 shares of the company's stock were exchanged, compared to its average volume of 35,876,868. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a 50 day moving average of $216.19 and a 200 day moving average of $208.82. The firm has a market cap of $2.47 trillion, a P/E ratio of 37.91, a price-to-earnings-growth ratio of 1.72 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 earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping 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 firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the firm earned $0.98 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 25,102,037 shares of company stock worth $5,674,871,223. Insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. HSBC lifted their price target on shares of Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Jefferies Financial Group lifted their price target on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. UBS Group reiterated a "buy" rating and issued a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a research report on Monday. Finally, Westpark Capital restated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Three 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $254.71.

Amazon.com Company 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.