Wrapmanager Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 39.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,436 shares of the e-commerce giant’s stock after buying an additional 15,099 shares during the period. Amazon.com makes up approximately 1.7% of Wrapmanager Inc.’s portfolio, making the stock its 13th largest position. Wrapmanager Inc.’s holdings in Amazon.com were worth $5,519,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiduciary Planning LLC grew its holdings in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares during the period. HBC Financial Services PLLC grew its stake in shares of Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after purchasing an additional 5 shares during the period. Meridian Investment Counsel Inc. increased its holdings in shares of Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares in the last quarter. Alterna Wealth Management Inc. grew its position in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners increased its stake in shares of Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after purchasing an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 56.67% of the company’s stock.
Amazon.com Stock Up 1.1 %
AMZN stock opened at $133.26 on Friday. The firm’s 50-day simple moving average is $132.03 and its 200 day simple moving average is $114.78. The stock has a market cap of $1.37 trillion, a PE ratio of 104.93, a price-to-earnings-growth ratio of 1.79 and a beta of 1.26. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $143.63.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The firm had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 2.23 EPS for the current year.
Insider Activity
In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $16,034,948.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total transaction of $63,135.00. Following the completion of the sale, the chief executive officer now directly owns 152,780 shares of the company’s stock, valued at $19,291,530.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $414,997.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,034,948.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,366,329 shares of company stock worth $48,990,512. Corporate insiders own 12.30% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on AMZN. Morgan Stanley boosted their price target on Amazon.com from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. Needham & Company LLC boosted their price objective on shares of Amazon.com from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Tigress Financial upped their target price on Amazon.com from $192.00 to $204.00 in a research note on Thursday, July 13th. Credit Suisse Group raised their price target on Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Finally, Susquehanna raised their target price on shares of Amazon.com from $150.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $160.87.
Read Our Latest Analysis on AMZN
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company’s products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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