BXM Wealth LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 51.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,015 shares of the e-commerce giant's stock after buying an additional 1,710 shares during the quarter. Amazon.com makes up 1.1% of BXM Wealth LLC's portfolio, making the stock its 23rd largest position. BXM Wealth LLC's holdings in Amazon.com were worth $953,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CapWealth Advisors LLC boosted its holdings in Amazon.com by 5.3% during the first quarter. CapWealth Advisors LLC now owns 89,165 shares of the e-commerce giant's stock worth $16,965,000 after buying an additional 4,513 shares during the last quarter. Ridgeline Wealth Planning LLC raised its position in shares of Amazon.com by 25.7% during the first quarter. Ridgeline Wealth Planning LLC now owns 2,372 shares of the e-commerce giant's stock worth $451,000 after purchasing an additional 485 shares during the period. 49 Wealth Management LLC raised its position in shares of Amazon.com by 7.4% during the first quarter. 49 Wealth Management LLC now owns 11,337 shares of the e-commerce giant's stock worth $2,157,000 after purchasing an additional 781 shares during the period. Stratos Wealth Advisors LLC raised its position in shares of Amazon.com by 0.9% during the first quarter. Stratos Wealth Advisors LLC now owns 134,067 shares of the e-commerce giant's stock worth $25,508,000 after purchasing an additional 1,215 shares during the period. Finally, Liberty One Investment Management LLC raised its position in shares of Amazon.com by 1.2% during the first quarter. Liberty One Investment Management LLC now owns 29,956 shares of the e-commerce giant's stock worth $5,699,000 after purchasing an additional 366 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Stock Up 1.2%
Shares of AMZN stock traded up $2.74 during trading hours on Thursday, reaching $225.05. 8,562,822 shares of the company's stock were exchanged, compared to its average volume of 44,930,082. The stock's 50 day moving average is $218.92 and its 200-day moving average is $209.05. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 34.32, a P/E/G ratio of 1.44 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 earnings per share. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares in the company, valued at approximately $111,114,850. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,102,037 shares of company stock worth $5,674,937,048 over the last three months. Corporate insiders own 9.70% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on AMZN shares. Roth Capital set a $250.00 price target on Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Truist Financial raised their price target on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Monness Crespi & Hardt raised their price target on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Piper Sandler boosted their price target on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $262.45.
Check Out Our Latest Analysis on AMZN
About Amazon.com
(
Free Report)
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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