Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management LLC increased its position in Amazon by 2.5%, acquiring a total of 271,927 shares valued at approximately $51.74 million.
• Insider Jeffrey P. Bezos sold over 2.6 million shares of Amazon for approximately $609 million, marking a 0.30% reduction in his holdings.
• Amazon's most recent earnings report showed $1.68 EPS, surpassing estimates and reflecting a 13.3% revenue increase year-over-year.

Axxcess Wealth Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,927 shares of the e-commerce giant's stock after purchasing an additional 6,556 shares during the quarter. Amazon.com accounts for 1.4% of Axxcess Wealth Management LLC's investment portfolio, making the stock its 14th largest holding. Axxcess Wealth Management LLC's holdings in Amazon.com were worth $51,737,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Northern Capital Management Inc. boosted its stake in 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 worth $1,613,000 after purchasing an additional 45 shares during the period. Balanced Wealth Group LLC raised its holdings in shares of 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 valued at $705,000 after buying an additional 48 shares in the last quarter. ETF Store Inc. increased its stake in Amazon.com by 2.1% in 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. Chatham Capital Group Inc. increased its stake in Amazon.com by 0.8% in the 4th quarter. Chatham Capital Group Inc. now owns 6,019 shares of the e-commerce giant's stock worth $1,321,000 after purchasing an additional 50 shares during the period. Finally, Foundry Financial Group Inc. increased its stake in Amazon.com by 3.5% in the 4th quarter. Foundry Financial Group Inc. now owns 1,507 shares of the e-commerce giant's stock worth $331,000 after purchasing an additional 51 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of Amazon.com stock traded up $8.44 on Wednesday, hitting $222.19. The stock had a trading volume of 54,656,017 shares, compared to its average volume of 45,179,059. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 33.87, a P/E/G ratio of 1.45 and a beta of 1.31. The company's 50 day moving average price is $218.57 and its 200 day moving average price is $208.96.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the prior year, the business earned $1.26 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Evercore ISI dropped their price target 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. Oppenheimer lowered their target price on Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. HSBC increased their target price on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price target on Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Buy" and an average price target of $262.45.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the transaction, the chief executive officer owned 512,050 shares of the company's stock, valued at $111,114,850. This represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,102,037 shares of company stock worth $5,674,937,048. Insiders own 10.80% of the company's stock.

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.