Rockline Wealth Management LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Rockline Wealth Management LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,290 shares of the e-commerce giant's stock after acquiring an additional 1,209 shares during the period. Amazon.com accounts for 2.2% of Rockline Wealth Management LLC's holdings, making the stock its 11th largest position. Rockline Wealth Management LLC's holdings in Amazon.com were worth $8,046,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cable Hill Partners LLC increased its holdings in 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 purchasing an additional 44 shares during the period. Northern Capital Management Inc. increased its holdings in Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 45 shares during the period. White Wing Wealth Management increased its holdings in Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after purchasing an additional 47 shares during the period. Balanced Wealth Group LLC increased its holdings in Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after purchasing an additional 48 shares during the period. Finally, ETF Store Inc. increased its holdings in Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after purchasing an additional 48 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley upped their price target on Amazon.com from $250.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday. Stifel Nicolaus cut their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Piper Sandler upped their price target on Amazon.com from $212.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday. 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. Finally, Royal Bank Of Canada cut their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $249.42.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the transaction, the chief executive officer directly owned 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the transaction, the chief financial officer directly owned 49,000 shares of the company's stock, valued at approximately $9,876,930. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,886,613 shares of company stock worth $1,531,840,610. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

AMZN traded up $2.76 on Friday, hitting $225.02. 50,481,094 shares of the company traded hands, compared to its average volume of 42,089,069. The company has a 50 day moving average of $209.90 and a 200-day moving average of $208.63. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.39 trillion, a PE ratio of 36.65, a PEG ratio of 1.67 and a beta of 1.33. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.