Beirne Wealth Consulting Services LLC Has $875,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Beirne Wealth Consulting Services LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,476 shares of the e-commerce giant’s stock after selling 1,060 shares during the period. Beirne Wealth Consulting Services LLC’s holdings in Amazon.com were worth $875,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AMZN. Vanguard Group Inc. lifted its holdings in Amazon.com by 1.8% in the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after buying an additional 12,456,995 shares during the period. State Street Corp lifted its holdings in Amazon.com by 1.0% in the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after buying an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after buying an additional 295,880,050 shares during the period. FMR LLC lifted its holdings in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after buying an additional 270,931,640 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 161,534,790 shares of the e-commerce giant’s stock valued at $13,541,345,000 after buying an additional 3,875,615 shares during the period. Institutional investors and hedge funds own 57.96% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $137.27 on Wednesday. The company’s fifty day moving average price is $133.28 and its 200-day moving average price is $116.83. The firm has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 108.09, a PEG ratio of 1.83 and a beta of 1.24. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $143.63. 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 issued its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. The firm had revenue of $134.38 billion for 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, equities research analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total value of $62,535.00. Following the transaction, the chief executive officer now owns 151,780 shares of the company’s stock, valued at approximately $18,983,124.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Monday, August 21st. The shares were 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 legal filing with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total transaction of $62,535.00. Following the transaction, the chief executive officer now directly owns 151,780 shares in the company, valued at approximately $18,983,124.60. The disclosure for this sale can be found here. Insiders have sold 1,361,829 shares of company stock valued at $48,444,937 in the last quarter. Insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Needham & Company LLC lifted their price target on shares of Amazon.com from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Citigroup lifted their price target on shares of Amazon.com from $145.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Evercore ISI lifted their price target on shares of Amazon.com from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Piper Jaffray Companies lifted their price target on shares of Amazon.com from $130.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, June 7th. Finally, Benchmark lifted their price target on shares of Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $160.87.

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.