Ritholtz Wealth Management Purchases 9,873 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ritholtz Wealth Management lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 208,287 shares of the e-commerce giant's stock after purchasing an additional 9,873 shares during the quarter. Amazon.com accounts for approximately 1.2% of Ritholtz Wealth Management's investment portfolio, making the stock its 16th largest position. Ritholtz Wealth Management's holdings in Amazon.com were worth $39,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cable Hill Partners LLC raised its stake in Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after buying an additional 44 shares during the period. Northern Capital Management Inc. increased its holdings in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after acquiring an additional 45 shares in the last quarter. White Wing Wealth Management raised its position in shares of Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after purchasing an additional 47 shares during the period. Balanced Wealth Group LLC raised its position in shares of 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 worth $705,000 after purchasing an additional 48 shares during the period. Finally, ETF Store Inc. increased its stake in Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after purchasing an additional 48 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president owned 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the transaction, the chief financial officer owned 49,000 shares in the company, valued at $9,876,930. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,426,963 shares of company stock valued at $757,297,707 over the last quarter. 9.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Westpark Capital reiterated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Cantor Fitzgerald boosted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Raymond James Financial reiterated an "outperform" rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an "outperform" rating in a research note on Tuesday. Finally, DA Davidson cut their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.60.

Amazon.com Price Performance

NASDAQ AMZN traded up $3.21 during trading on Friday, hitting $223.13. 29,632,353 shares of the company's stock were exchanged, compared to its average volume of 42,018,920. The stock's 50 day moving average price is $205.76 and its two-hundred day moving average price is $208.76. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.37 trillion, a PE ratio of 36.34, a P/E/G ratio of 1.66 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results 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 net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the business earned $0.98 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Research 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.