Heritage Wealth Management Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,754 shares of the e-commerce giant's stock after buying an additional 1,547 shares during the period. Heritage Wealth Management Inc.'s holdings in Amazon.com were worth $1,666,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of AMZN. Western Wealth Management LLC raised its holdings in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after acquiring an additional 1,297 shares during the period. Momentous Wealth Management Inc. bought a new position in Amazon.com in the 4th quarter worth $749,000. Barnes Dennig Private Wealth Management LLC bought a new position in Amazon.com in the 1st quarter worth $514,000. Segall Bryant & Hamill LLC raised its holdings in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after acquiring an additional 39,696 shares during the period. Finally, Bearing Point Capital LLC bought a new position in Amazon.com in the 4th quarter worth $12,014,000. Institutional investors and hedge funds own 72.20% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently commented on AMZN shares. Moffett Nathanson lifted their target price on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Westpark Capital restated a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday. Citigroup boosted their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Finally, Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $262.45.
View Our Latest Analysis on Amazon.com
Insider Buying and Selling
In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 25,099,537 shares of company stock valued at $5,674,394,548 over the last ninety days. 9.70% of the stock is currently owned by corporate insiders.
Amazon.com Trading Down 8.3%
NASDAQ:AMZN traded down $19.36 during trading hours on Friday, hitting $214.75. The stock had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 1.59 and a beta of 1.31. The business's 50 day moving average is $218.20 and its 200-day moving average is $209.11.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 24.90%. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The business's quarterly revenue was up 13.3% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Amazon.com Profile
(
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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