MA Private Wealth Purchases Shares of 1,663 Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• MA Private Wealth acquired 1,663 shares of Amazon.com, valued at approximately $316,000, in the first quarter of 2023.
• Insider Jeffrey P. Bezos sold 4.27 million shares for about $960.67 million, reducing his stake to 897.72 million shares.
• Amazon's recent earnings report showed a net revenue of $167.70 billion and an earnings per share (EPS) of $1.68, surpassing estimates.

MA Private Wealth acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,663 shares of the e-commerce giant's stock, valued at approximately $316,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the fourth quarter valued at about $35,000. Perritt Capital Management Inc increased its holdings in shares of 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. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at about $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at about $40,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders have sold 25,102,037 shares of company stock worth $5,674,937,048. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $0.44 during trading hours on Friday, reaching $222.69. 32,911,537 shares of the stock traded hands, compared to its average volume of 47,624,592. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 1.50 and a beta of 1.31. 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 50 day moving average price of $219.65 and a 200 day moving average price of $208.98.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (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 23.84%. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period in the previous year, the business posted $1.26 earnings per share. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent research reports. Morgan Stanley restated an "overweight" rating on shares of Amazon.com in a research report on Monday, July 28th. Needham & Company LLC set a $265.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a report on Friday, August 1st. Westpark Capital reaffirmed a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Telsey Advisory Group raised their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a report 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's stock. According to MarketBeat.com, Amazon.com has an average rating of "Buy" and a consensus price target of $262.45.

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.