Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Western Wealth Management LLC

Western Wealth Management LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 140,122 shares of the e-commerce giant's stock after buying an additional 1,297 shares during the quarter. Amazon.com accounts for approximately 1.8% of Western Wealth Management LLC's holdings, making the stock its 10th biggest position. Western Wealth Management LLC's holdings in Amazon.com were worth $26,660,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Momentous Wealth Management Inc. purchased a new stake in Amazon.com in the 4th quarter worth approximately $749,000. Segall Bryant & Hamill LLC increased its holdings in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after acquiring an additional 39,696 shares in the last quarter. Bearing Point Capital LLC purchased a new stake in Amazon.com in the 4th quarter worth approximately $12,014,000. Evergreen Capital Management LLC increased its holdings in 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 worth $53,213,000 after acquiring an additional 1,198 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Amazon.com by 173.6% in 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 acquiring an additional 2,196,353 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

NASDAQ AMZN traded up $2.25 during trading hours on Friday, reaching $226.13. The stock had a trading volume of 37,691,170 shares, compared to its average volume of 41,988,670. The stock has a fifty day moving average of $213.50 and a 200 day moving average of $208.59. The stock has a market cap of $2.40 trillion, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. 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 quick ratio of 0.84 and a current ratio of 1.05.

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 analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. 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 previous year, the company posted $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the transaction, the chief executive officer directly owned 514,550 shares in the company, valued at approximately $113,231,873. This represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 733,195 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total value of $166,449,928.90. Following the transaction, the insider owned 894,546,706 shares of the company's stock, valued at approximately $203,079,993,196.12. This represents a 0.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,335,232 shares of company stock valued at $3,210,622,570. 9.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AMZN shares. Wells Fargo & Company increased their price objective on shares of Amazon.com from $201.00 to $238.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Jefferies Financial Group increased their price objective on shares of Amazon.com from $255.00 to $265.00 in a report on Wednesday. Raymond James Financial reaffirmed an "outperform" rating and set a $195.00 price objective (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Wedbush reaffirmed an "outperform" rating and set a $235.00 price objective (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Finally, Stifel Nicolaus cut their price objective on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $250.35.

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.