Leo Wealth LLC Has $17.94 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Leo Wealth LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 32.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,315 shares of the e-commerce giant's stock after selling 46,214 shares during the quarter. Amazon.com comprises about 2.6% of Leo Wealth LLC's portfolio, making the stock its 7th largest holding. Leo Wealth LLC's holdings in Amazon.com were worth $17,944,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter valued at $27,000. LSV Asset Management purchased a new stake in Amazon.com during the fourth quarter valued at $35,000. Perritt Capital Management Inc raised its stake in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Cooksen Wealth LLC purchased a new stake in Amazon.com during the first quarter valued at $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Amazon.com during the first quarter valued at $40,000. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent research reports. Rosenblatt Securities upped their price target on shares of Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Tigress Financial increased their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the company a "buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. increased their target price 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, BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price on the stock in a research note on Friday, June 27th. One research 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. According to data from MarketBeat.com, Amazon.com presently has an average rating of "Buy" and an average target price of $262.45.

Amazon.com Price Performance

NASDAQ:AMZN opened at $221.30 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm has a market cap of $2.36 trillion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. The company has a 50 day moving average price of $219.94 and a 200-day moving average price of $208.52. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during 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 firm's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer owned 512,050 shares of the company's stock, valued at approximately $111,114,850. The trade was a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,101,037 shares of company stock valued at $5,674,726,368. 10.80% of the stock is owned by insiders.

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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