Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Marion Wealth Management

Marion Wealth Management grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,419 shares of the e-commerce giant's stock after buying an additional 1,323 shares during the quarter. Marion Wealth Management's holdings in Amazon.com were worth $2,934,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AMZN. Cable Hill Partners LLC raised its position in shares of Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after purchasing an additional 44 shares during the last quarter. Quattro Financial Advisors LLC raised its position in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares during the last quarter. Northern Capital Management Inc. grew its stake in shares of Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after purchasing an additional 45 shares during the period. White Wing Wealth Management grew its stake in shares of Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after acquiring an additional 47 shares during the period. Finally, Balanced Wealth Group LLC raised its holdings in Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after acquiring an additional 48 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. BNP Paribas raised Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Wall Street Zen lowered Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Westpark Capital reaffirmed a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Wedbush reaffirmed an "outperform" rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $244.89.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the transaction, the chief executive officer now directly owns 506,974 shares in the company, valued at $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer now directly owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 over the last three months. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Down 0.5%

Amazon.com stock traded down $1.14 during midday trading on Friday, reaching $212.10. The company's stock had a trading volume of 29,295,190 shares, compared to its average volume of 42,179,363. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market capitalization of $2.25 trillion, a P/E ratio of 38.35, a PEG ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock's 50-day simple moving average is $195.47 and its 200-day simple moving average is $209.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the business posted $0.98 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.