Amazon.com, Inc. (NASDAQ:AMZN) Holdings Boosted by Red Door Wealth Management LLC

Red Door Wealth Management LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 112,369 shares of the e-commerce giant's stock after acquiring an additional 6,011 shares during the period. Amazon.com comprises approximately 3.2% of Red Door Wealth Management LLC's holdings, making the stock its 6th largest position. Red Door Wealth Management LLC's holdings in Amazon.com were worth $21,379,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Cable Hill Partners LLC grew its holdings in Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after purchasing an additional 44 shares during the period. Northern Capital Management Inc. increased its stake in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after buying an additional 45 shares in the last quarter. Balanced Wealth Group LLC increased its stake in Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after buying an additional 48 shares in the last quarter. ETF Store Inc. increased its stake in Amazon.com by 2.1% in the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after buying an additional 48 shares in the last quarter. Finally, TD Capital Management LLC increased its stake in Amazon.com by 1.6% in the 4th quarter. TD Capital Management LLC now owns 3,058 shares of the e-commerce giant's stock worth $671,000 after buying an additional 49 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.6%

Shares of NASDAQ:AMZN traded up $1.35 during trading on Monday, reaching $232.79. 26,233,111 shares of the company were exchanged, compared to its average volume of 35,876,868. The business's fifty day simple moving average is $216.19 and its 200-day simple moving average is $208.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market capitalization of $2.47 trillion, a PE ratio of 37.91, a P/E/G ratio of 1.72 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on Thursday, July 24th. The shares were 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 25,102,037 shares of company stock worth $5,674,871,223 over the last ninety days. Insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMZN. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research note on Friday, June 27th. Rosenblatt Securities increased their price target on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. DA Davidson cut their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company increased their price target on Amazon.com from $201.00 to $238.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Westpark Capital reiterated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $254.71.

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.