Walter & Keenan Wealth Management LLC IN ADV Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Walter & Keenan Wealth Management LLC IN ADV increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,636 shares of the e-commerce giant's stock after purchasing an additional 1,746 shares during the period. Walter & Keenan Wealth Management LLC IN ADV's holdings in Amazon.com were worth $2,594,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of AMZN. Tallon Kerry Patrick purchased a new stake in Amazon.com during the 4th quarter valued at about $800,000. Capital & Planning LLC grew its stake in Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after acquiring an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC grew its stake in Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after acquiring an additional 860 shares in the last quarter. Brighton Jones LLC grew its stake in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after acquiring an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in Amazon.com during the 4th quarter valued at about $301,650,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the sale, the senior vice president directly owned 47,030 shares in the company, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 2,046,582 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $223.92, for a total transaction of $458,270,641.44. Following the completion of the sale, the insider owned 902,480,530 shares in the company, valued at $202,083,440,277.60. The trade was a 0.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,401,408 shares of company stock worth $1,423,159,137. 9.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective for the company in a research note on Friday, June 27th. Jefferies Financial Group dropped their price objective on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday. Bank of America upped their price objective on shares of Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. Finally, Cantor Fitzgerald increased their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $247.12.

Amazon.com Stock Up 0.1%

Amazon.com stock traded up $0.17 during mid-day trading on Thursday, reaching $222.71. 18,645,725 shares of the company's stock were exchanged, compared to its average volume of 41,985,662. The company has a market cap of $2.36 trillion, a P/E ratio of 36.22, a P/E/G ratio of 1.65 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $208.56 and a 200-day moving average of $208.68.

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 for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the business earned $0.98 EPS. The company's revenue was up 8.6% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.