Dakota Wealth Management Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Dakota Wealth Management boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,035 shares of the e-commerce giant's stock after acquiring an additional 4,492 shares during the quarter. Amazon.com accounts for 1.8% of Dakota Wealth Management's portfolio, making the stock its 6th largest position. Dakota Wealth Management's holdings in Amazon.com were worth $78,584,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Northern Capital Management Inc. increased its stake in shares of 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 last quarter. Balanced Wealth Group LLC increased its stake 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 worth $705,000 after purchasing an additional 48 shares during the last quarter. ETF Store Inc. increased its stake in shares of 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 last quarter. Talisman Wealth Advisors LLC increased its stake in shares of Amazon.com by 1.2% during the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock worth $1,020,000 after purchasing an additional 53 shares during the last quarter. Finally, SWAN Capital LLC increased its stake in shares of Amazon.com by 3.1% during the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock worth $396,000 after purchasing an additional 55 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 0.6%

AMZN opened at $221.30 on Tuesday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $219.94 and a 200-day moving average of $208.52. The stock has a market cap of $2.36 trillion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the company posted $1.26 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm'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 completion of the sale, the insider directly owned 883,779,901 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm'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 transaction, the chief executive officer directly owned 512,050 shares in the company, valued at $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,101,037 shares of company stock valued at $5,674,726,368 over the last 90 days. Corporate insiders own 10.80% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMZN shares. Stifel Nicolaus boosted their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Needham & Company LLC reiterated a "buy" rating and issued a $265.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Canaccord Genuity Group reiterated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. 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 note on Friday, August 1st. Finally, Susquehanna upped their price target on shares of Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research note on Friday, August 1st. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $262.45.

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.

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