Edge Wealth Management LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Edge Wealth Management LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,211 shares of the e-commerce giant's stock after buying an additional 1,333 shares during the quarter. Amazon.com comprises about 0.8% of Edge Wealth Management LLC's portfolio, making the stock its 27th biggest position. Edge Wealth Management LLC's holdings in Amazon.com were worth $3,845,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Tallon Kerry Patrick purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $800,000. Capital & Planning LLC raised its stake in shares of Amazon.com by 72.1% in the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after purchasing an additional 1,635 shares during the last quarter. LaFleur & Godfrey LLC raised its stake in shares of Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after purchasing an additional 860 shares during the last quarter. Brighton Jones LLC raised its stake in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $301,650,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $2.30 during trading hours on Thursday, reaching $212.52. The company had a trading volume of 44,246,577 shares, compared to its average volume of 42,160,587. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The business has a fifty day simple moving average of $197.28 and a 200 day simple moving average of $209.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a market cap of $2.26 trillion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the company earned $0.98 earnings per share. The business's revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,037 shares of company stock worth $20,531,075. Corporate insiders own 9.70% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Citizens Jmp lowered their price objective on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Raymond James Financial reaffirmed an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Tigress Financial increased their price target on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Royal Bank Of Canada decreased their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.89.

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.