Amazon.com, Inc. (NASDAQ:AMZN) is Fourth Dimension Wealth LLC's 9th Largest Position

Fourth Dimension Wealth LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,278 shares of the e-commerce giant's stock after purchasing an additional 2,847 shares during the period. Amazon.com accounts for approximately 2.6% of Fourth Dimension Wealth LLC's portfolio, making the stock its 9th largest position. Fourth Dimension Wealth LLC's holdings in Amazon.com were worth $5,380,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management purchased a new stake in Amazon.com in the fourth quarter worth about $35,000. Perritt Capital Management Inc lifted its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares during the period. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the first quarter worth about $40,000. Finally, Capitol Family Office Inc. purchased a new stake in Amazon.com in the first quarter worth about $42,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 733,195 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total value of $166,449,928.90. Following the completion of the sale, the insider directly owned 894,546,706 shares in the company, valued at $203,079,993,196.12. This trade represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the sale, the chief executive officer owned 514,550 shares of the company's stock, valued at $113,231,873. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,335,232 shares of company stock valued at $3,210,622,570. 9.70% of the stock is owned by insiders.

Amazon.com Trading Up 1.0%

NASDAQ:AMZN traded up $2.25 during mid-day trading on Friday, hitting $226.13. 37,691,170 shares of the stock traded hands, compared to its average volume of 41,991,273. The stock has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 36.83, a PEG ratio of 1.67 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm's 50 day moving average is $213.50 and its two-hundred day moving average is $208.67. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its 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. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent research reports. Citizens Jmp initiated coverage on shares of Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating for the company. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Wall Street Zen lowered shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a report on Tuesday, July 1st. Finally, Tigress Financial raised their price target on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $250.35.

Amazon.com 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.