Beta Wealth Group Inc. Has $3.24 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Beta Wealth Group Inc. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,395 shares of the e-commerce giant’s stock after selling 863 shares during the period. Amazon.com makes up about 1.9% of Beta Wealth Group Inc.’s portfolio, making the stock its 18th biggest holding. Beta Wealth Group Inc.’s holdings in Amazon.com were worth $3,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. USAdvisors Wealth Management LLC boosted its stake in shares of Amazon.com by 12.5% in the 4th quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock valued at $272,000 after purchasing an additional 359 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in Amazon.com in the 4th quarter valued at approximately $426,000. Veritas Asset Management LLP lifted its stake in Amazon.com by 19.6% in the 4th quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock valued at $660,964,000 after purchasing an additional 1,286,797 shares during the last quarter. Mayfair Advisory Group LLC boosted its position in Amazon.com by 12.0% in the first quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock valued at $468,000 after buying an additional 488 shares in the last quarter. Finally, Little House Capital LLC grew its stake in shares of Amazon.com by 6.3% during the first quarter. Little House Capital LLC now owns 37,942 shares of the e-commerce giant’s stock worth $3,919,000 after buying an additional 2,251 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 0.1 %

Shares of NASDAQ:AMZN opened at $138.12 on Friday. The stock has a market cap of $1.43 trillion, a price-to-earnings ratio of 108.76, a PEG ratio of 1.76 and a beta of 1.26. The business’s 50 day moving average is $132.90 and its 200 day moving average is $116.05. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $143.63. 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 (NASDAQ:AMZN) last posted its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of several research reports. Redburn Partners increased their target price on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, August 11th. Evercore ISI lifted their target price 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. Canaccord Genuity Group upped their price target on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 4th. JPMorgan Chase & Co. lifted their price target 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. Finally, Stifel Nicolaus increased their price objective on Amazon.com from $101.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 4th. Two analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $160.87.

Insider Buying and Selling at Amazon.com

In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total value of $22,951,500.00. Following the transaction, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the sale, the insider now directly owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total transaction of $62,535.00. Following the completion of the transaction, the chief executive officer now directly owns 151,780 shares in the company, valued at $18,983,124.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,362,329 shares of company stock worth $48,508,072. Insiders own 12.70% of the company’s stock.

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.