Beverly Hills Private Wealth LLC Purchases 1,688 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Beverly Hills Private Wealth LLC increased its stake in Amazon.com, Inc. by 2.9%, holding 59,171 shares valued at approximately $11.26 million, making it the fund's 5th largest holding.
• Jeffrey P. Bezos sold over 2.64 million shares of Amazon stock for $609 million, resulting in a slight reduction of his holdings, which are still valued at around $203.65 billion.
• Amazon reported a 10.54% net margin and earnings per share (EPS) of $1.68 for the last quarter, exceeding analyst expectations and reflecting a 13.3% revenue increase year-over-year.

Beverly Hills Private Wealth LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,171 shares of the e-commerce giant's stock after acquiring an additional 1,688 shares during the quarter. Amazon.com comprises approximately 2.2% of Beverly Hills Private Wealth LLC's holdings, making the stock its 5th largest position. Beverly Hills Private Wealth LLC's holdings in Amazon.com were worth $11,258,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Western Wealth Management LLC lifted 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 buying an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. acquired a new position in Amazon.com during the 4th quarter valued at $749,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Amazon.com during the 1st quarter valued at $514,000. Segall Bryant & Hamill LLC raised its stake in Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Finally, Bearing Point Capital LLC acquired a new position in Amazon.com during the 4th quarter valued at $12,014,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the topic of several analyst reports. Benchmark reissued a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and set a $265.00 price target on shares of Amazon.com in a research report on Friday. Royal Bank Of Canada upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research report on Friday. The Goldman Sachs Group restated a "buy" rating on shares of Amazon.com in a research report on Friday. Finally, Truist Financial upped their target price on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com presently has an average rating of "Buy" and a consensus target price of $262.45.

Amazon.com Price Performance

NASDAQ AMZN traded down $19.36 during trading on Friday, hitting $214.75. 122,007,379 shares of the company's stock were exchanged, compared to its average volume of 43,924,596. 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 company has a market cap of $2.28 trillion, a PE ratio of 32.74, a P/E/G ratio of 1.57 and a beta of 1.31. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock's 50 day moving average price is $218.20 and its two-hundred day moving average price is $209.11.

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

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 25,099,537 shares of company stock worth $5,674,394,548 in the last quarter. 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.