Worth Asset Management LLC Buys 2,510 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Worth Asset Management LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 69.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,148 shares of the e-commerce giant's stock after acquiring an additional 2,510 shares during the quarter. Worth Asset Management LLC's holdings in Amazon.com were worth $1,170,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Fiduciary Alliance LLC boosted its stake in Amazon.com by 6.3% during the 1st quarter. Fiduciary Alliance LLC now owns 137,198 shares of the e-commerce giant's stock valued at $26,103,000 after purchasing an additional 8,108 shares during the period. Baker Tilly Wealth Management LLC boosted its stake in Amazon.com by 1.6% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 27,363 shares of the e-commerce giant's stock valued at $5,206,000 after purchasing an additional 433 shares during the period. Future Financial Wealth Managment LLC boosted its stake in Amazon.com by 9.9% during the 1st quarter. Future Financial Wealth Managment LLC now owns 6,711 shares of the e-commerce giant's stock valued at $1,277,000 after purchasing an additional 607 shares during the period. Mid American Wealth Advisory Group Inc. boosted its stake in Amazon.com by 35.2% during the 1st quarter. Mid American Wealth Advisory Group Inc. now owns 3,012 shares of the e-commerce giant's stock valued at $573,000 after purchasing an additional 784 shares during the period. Finally, Ervin Investment Management LLC boosted its stake in Amazon.com by 15.3% during the 1st quarter. Ervin Investment Management LLC now owns 2,942 shares of the e-commerce giant's stock valued at $560,000 after purchasing an additional 391 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the transaction, the chief executive officer now directly owns 506,974 shares in the company, valued at approximately $96,664,732.58. This trade represents a 0.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares in the company, valued at $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,037 shares of company stock worth $20,531,075. Insiders own 9.70% of the company's stock.

Amazon.com Stock Down 0.5%

NASDAQ AMZN opened at $212.10 on Friday. The firm has a market cap of $2.25 trillion, a PE ratio of 38.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock's 50 day simple moving average is $195.47 and its 200 day simple moving average is $209.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The firm 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 24.25% and a net margin of 9.29%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Scotiabank cut their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, April 21st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $235.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Citizens Jmp cut their price target on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Four equities 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 has an average rating of "Moderate Buy" and a consensus price target of $244.89.

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.

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