Transform Wealth LLC Has $30.62 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Transform Wealth LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,930 shares of the e-commerce giant's stock after purchasing an additional 4,638 shares during the quarter. Amazon.com accounts for 1.9% of Transform Wealth LLC's holdings, making the stock its 7th largest holding. Transform Wealth LLC's holdings in Amazon.com were worth $30,618,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AMZN. Momentous Wealth Management Inc. purchased a new stake in Amazon.com during the 4th quarter worth about $749,000. Segall Bryant & Hamill LLC grew its position in shares of Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after buying an additional 39,696 shares in the last quarter. Bearing Point Capital LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth approximately $12,014,000. Evergreen Capital Management LLC raised its holdings in shares of Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 2.8%

NASDAQ:AMZN traded up $6.18 during mid-day trading on Friday, hitting $223.30. The company had a trading volume of 119,060,979 shares, compared to its average volume of 42,289,243. The business has a fifty day simple moving average of $201.25 and a 200-day simple moving average of $209.02. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.37, a PEG ratio of 1.60 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 over the last quarter. 9.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of analyst reports. Tigress Financial raised their price target on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Evercore ISI cut their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Mizuho decreased their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a research note on Wednesday, April 30th. Finally, Barclays reduced their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $245.81.

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.