Simplicity Wealth LLC Acquires 36,299 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Simplicity Wealth LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 114.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 68,076 shares of the e-commerce giant's stock after purchasing an additional 36,299 shares during the period. Amazon.com makes up approximately 1.0% of Simplicity Wealth LLC's holdings, making the stock its 14th largest position. Simplicity Wealth LLC's holdings in Amazon.com were worth $12,952,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. FMR LLC increased its stake in Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the period. Geode Capital Management LLC increased its stake in Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $27,266,582,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

AMZN stock traded up $4.30 during midday trading on Tuesday, reaching $212.77. 38,326,092 shares of the stock were exchanged, compared to its average volume of 42,091,918. The company has a fifty day moving average price of $199.60 and a 200 day moving average price of $209.07. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a market capitalization of $2.26 trillion, a PE ratio of 34.65, a P/E/G ratio of 1.57 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, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 EPS. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wells Fargo & Company reduced their target price on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Tigress Financial raised their price target on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Scotiabank dropped their target price on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Deutsche Bank Aktiengesellschaft cut their price target on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Wall Street Zen lowered shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $245.64.

Insider Buying and Selling

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the sale, the chief executive officer now directly owns 506,974 shares of the company's stock, valued at approximately $96,664,732.58. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock valued at $20,531,075 over the last 90 days. 10.80% of the stock is owned by insiders.

Amazon.com 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.