Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Cherrydale Wealth Management LLC

Cherrydale Wealth Management LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 27.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,794 shares of the e-commerce giant's stock after acquiring an additional 2,343 shares during the period. Amazon.com accounts for 0.8% of Cherrydale Wealth Management LLC's holdings, making the stock its 16th largest position. Cherrydale Wealth Management LLC's holdings in Amazon.com were worth $2,054,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMZN. Cable Hill Partners LLC boosted its position in shares of Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after acquiring an additional 44 shares in the last quarter. Quattro Financial Advisors LLC boosted its position in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the period. Northern Capital Management Inc. boosted its position 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. White Wing Wealth Management boosted its position in shares of Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after purchasing an additional 47 shares during the period. Finally, Balanced Wealth Group LLC boosted its position in shares of Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after purchasing an additional 48 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ AMZN opened at $209.69 on Monday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a market capitalization of $2.23 trillion, a P/E ratio of 34.15, a PEG ratio of 1.58 and a beta of 1.34. The business has a 50 day moving average price of $198.41 and a 200 day moving average price of $209.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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 return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the business posted $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Telsey Advisory Group reissued an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Oppenheimer upped their target price on Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday. Barclays decreased their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Citigroup reissued a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. Finally, The Goldman Sachs Group decreased their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $245.53.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the transaction, the chief executive officer now owns 517,050 shares of the company's stock, valued at approximately $105,984,909. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,037 shares of company stock valued at $20,531,075. Corporate insiders own 10.80% of the company's stock.

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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