Amazon.com, Inc. (NASDAQ:AMZN) is Ropes Wealth Advisors LLC’s 10th Largest Position

Ropes Wealth Advisors LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 91,044 shares of the e-commerce giant’s stock after purchasing an additional 1,686 shares during the quarter. Amazon.com accounts for about 1.7% of Ropes Wealth Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. Ropes Wealth Advisors LLC’s holdings in Amazon.com were worth $9,404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bridgefront Capital LLC bought a new stake in shares of Amazon.com in the first quarter worth approximately $228,000. Krane Funds Advisors LLC grew its stake in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares during the period. Range Financial Group LLC bought a new stake in shares of Amazon.com in the first quarter worth approximately $258,000. My Personal CFO LLC bought a new stake in shares of Amazon.com in the first quarter worth approximately $261,000. Finally, Worth Asset Management LLC bought a new stake in shares of Amazon.com in the first quarter worth approximately $191,000. 56.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the business’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 transaction, the chief executive officer now owns 152,780 shares of the company’s stock, valued at approximately $19,291,530.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Amazon.com news, 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 value of $414,997.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $16,034,948.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the chief executive officer now directly owns 152,780 shares in the company, valued at approximately $19,291,530.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,366,329 shares of company stock worth $48,990,512. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Trading Up 1.1 %

Shares of NASDAQ:AMZN opened at $133.26 on Friday. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $143.63. The firm has a market capitalization of $1.37 trillion, a price-to-earnings ratio of 104.93, a price-to-earnings-growth ratio of 1.79 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. The business’s 50 day moving average price is $132.03 and its 200-day moving average price is $114.78.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The company had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. On average, equities research analysts forecast that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AMZN shares. Needham & Company LLC raised their price objective on shares of Amazon.com from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 4th. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $145.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. Evercore ISI boosted their price target on shares of Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. JMP Securities boosted their price target on shares of Amazon.com from $140.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Finally, Telsey Advisory Group boosted their price objective on shares of Amazon.com from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $160.87.

Amazon.com 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.