BXM Wealth LLC Buys 1,710 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• BXM Wealth LLC increased its stake in Amazon.com, Inc. by 51.7%, purchasing an additional 1,710 shares, bringing its total holdings to 5,015 shares, valued at approximately $953,000.
• Amazon's recent earnings report revealed $1.68 earnings per share, exceeding analysts' expectations, and the company generated $167.70 billion in revenue for the quarter, a 13.3% increase from the previous year.
• Insider Jeffrey P. Bezos sold over 2.6 million shares of Amazon stock for approximately $609 million, reducing his ownership stake by 0.30%.

BXM Wealth LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 51.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,015 shares of the e-commerce giant's stock after acquiring an additional 1,710 shares during the period. Amazon.com accounts for approximately 1.1% of BXM Wealth LLC's holdings, making the stock its 23rd biggest holding. BXM Wealth LLC's holdings in Amazon.com were worth $953,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AMZN. Northern Capital Management Inc. raised its position 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 buying an additional 45 shares during the last quarter. Balanced Wealth Group LLC raised its position in 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 worth $705,000 after buying an additional 48 shares during the last quarter. ETF Store Inc. raised its position 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 buying an additional 48 shares during the last quarter. Chatham Capital Group Inc. raised its position 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 buying an additional 50 shares during the last quarter. Finally, Foundry Financial Group Inc. raised its position 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 buying an additional 51 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $214.75 on Monday. The stock's fifty day moving average is $218.20 and its 200 day moving average is $209.03. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a market capitalization of $2.28 trillion, a PE ratio of 32.74, a PEG ratio of 1.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the firm posted $1.26 earnings per share. The business's revenue was up 13.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, 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 sale, the insider 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 25,099,537 shares of company stock valued at $5,674,394,548 in the last 90 days. Company insiders own 10.80% of the company's stock.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Monness Crespi & Hardt upped their price target on shares of Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Westpark Capital reaffirmed a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $262.45.

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.

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