Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Wescott Financial Advisory Group LLC

Wescott Financial Advisory Group LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,812 shares of the e-commerce giant’s stock after purchasing an additional 486 shares during the quarter. Wescott Financial Advisory Group LLC’s holdings in Amazon.com were worth $394,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. USAdvisors Wealth Management LLC raised its position 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 worth $272,000 after buying an additional 359 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter worth $426,000. Veritas Asset Management LLP raised its position in shares of 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 worth $660,964,000 after buying an additional 1,286,797 shares during the period. Mayfair Advisory Group LLC raised its position in shares of Amazon.com by 12.0% in the 1st quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock worth $468,000 after buying an additional 488 shares during the period. Finally, Little House Capital LLC raised its position in Amazon.com by 6.3% in the first quarter. Little House Capital LLC now owns 37,942 shares of the e-commerce giant’s stock valued at $3,919,000 after purchasing an additional 2,251 shares during the period. Institutional investors and hedge funds own 57.96% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research reports. Rosenblatt Securities raised Amazon.com from a “neutral” rating to a “buy” rating and raised their price objective for the company from $111.00 to $184.00 in a research report on Friday, August 4th. Stifel Nicolaus raised their price objective on Amazon.com from $101.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 4th. BNP Paribas raised Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective on the stock in a research report on Friday, August 4th. TD Cowen raised their price objective on Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, UBS Group raised their price objective on Amazon.com from $150.00 to $175.00 and gave the company a “buy” rating in a research 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. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $160.87.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total transaction of $63,135.00. Following the sale, the chief executive officer now owns 152,780 shares of the company’s stock, valued at $19,291,530.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, major shareholder Amazon Com Inc sold 1,177,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $248,458,177.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total value 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. Insiders have sold a total of 1,362,329 shares of company stock valued at $48,508,072 over the last quarter. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $138.12 on Monday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $143.63. 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 stock’s 50 day moving average price is $132.90 and its 200 day moving average price is $116.27. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping the consensus estimate of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The firm had revenue of $134.38 billion for the quarter, compared to analysts’ expectations of $131.54 billion. Equities research analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

About Amazon.com

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.