Purus Wealth Management LLC Has $3.13 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Purus Wealth Management LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,301 shares of the e-commerce giant’s stock after selling 277 shares during the quarter. Amazon.com accounts for about 2.5% of Purus Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding. Purus Wealth Management LLC’s holdings in Amazon.com were worth $3,130,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Wescott Financial Advisory Group LLC grew its stake in shares of Amazon.com by 14.6% in the first quarter. Wescott Financial Advisory Group LLC now owns 3,812 shares of the e-commerce giant’s stock worth $394,000 after acquiring an additional 486 shares during the period. Harfst & Associates Inc. grew its position in Amazon.com by 20.9% during the first quarter. Harfst & Associates Inc. now owns 20,155 shares of the e-commerce giant’s stock valued at $2,082,000 after buying an additional 3,491 shares during the period. Spectrum Wealth Advisory Group LLC grew its position in Amazon.com by 2.6% during the first quarter. Spectrum Wealth Advisory Group LLC now owns 5,828 shares of the e-commerce giant’s stock valued at $602,000 after buying an additional 150 shares during the period. Tredje AP fonden grew its position in Amazon.com by 1.3% during the first quarter. Tredje AP fonden now owns 1,814,806 shares of the e-commerce giant’s stock valued at $187,451,000 after buying an additional 23,936 shares during the period. Finally, Powell Investment Advisors LLC grew its position in Amazon.com by 14.7% during the first quarter. Powell Investment Advisors LLC now owns 29,464 shares of the e-commerce giant’s stock valued at $3,043,000 after buying an additional 3,778 shares during the period. 57.96% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 0.1 %

AMZN stock opened at $138.12 on Monday. 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 twelve month low of $81.43 and a twelve month high of $143.63. The stock has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 108.76, a price-to-earnings-growth ratio of 1.76 and a beta of 1.26. The firm’s fifty day simple moving average is $132.90 and its two-hundred day simple moving average is $116.27.

Amazon.com (NASDAQ:AMZN) last posted its quarterly 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. The company had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. As a group, analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on AMZN. Susquehanna boosted their target price on shares of Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, August 4th. Benchmark boosted their target price on shares of Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Needham & Company LLC boosted their target price 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. JMP Securities boosted their target price on shares of Amazon.com from $140.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, Canaccord Genuity Group upped their price target on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $160.87.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $16,034,948.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. 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 Amazon.com stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total value of $62,535.00. Following the completion of the sale, the chief executive officer now owns 151,780 shares of the company’s stock, valued at $18,983,124.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,362,329 shares of company stock valued at $48,508,072. Corporate insiders own 12.70% of the company’s stock.

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.