Tradition Wealth Management LLC Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Tradition Wealth Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,078 shares of the e-commerce giant’s stock after buying an additional 7,907 shares during the quarter. Tradition Wealth Management LLC’s holdings in Amazon.com were worth $4,450,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bridgefront Capital LLC purchased a new stake in Amazon.com in the first quarter valued at $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 valued at $254,000 after buying an additional 55 shares in the last quarter. Range Financial Group LLC acquired a new stake in shares of Amazon.com in the first quarter valued at $258,000. My Personal CFO LLC acquired a new stake in shares of Amazon.com in the first quarter valued at $261,000. Finally, Worth Asset Management LLC acquired a new stake in shares of Amazon.com in the first quarter valued at $191,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $139.48, for a total transaction of $557,920.00. Following the completion of the transaction, the chief executive officer now owns 526,316 shares of the company’s stock, valued at $73,410,555.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $139.48, for a total transaction of $557,920.00. Following the sale, the chief executive officer now owns 526,316 shares in the company, valued at $73,410,555.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $128.17, for a total value of $64,085.00. Following the sale, the chief executive officer now owns 150,780 shares in the company, valued at approximately $19,325,472.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,365,829 shares of company stock valued at $49,002,857. Corporate insiders own 12.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMZN. Benchmark lifted their price objective on Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Rosenblatt Securities raised Amazon.com from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $111.00 to $184.00 in a research note on Friday, August 4th. Wolfe Research boosted their target price on Amazon.com from $140.00 to $150.00 in a research note on Monday, July 10th. TD Cowen boosted their target price on Amazon.com from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Finally, Loop Capital boosted their target price on Amazon.com from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Three equities research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $160.87.

Amazon.com Stock Performance

NASDAQ AMZN opened at $137.85 on Friday. 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 has a 50 day moving average price of $133.60 and a 200 day moving average price of $117.10. The company has a market capitalization of $1.42 trillion, a P/E ratio of 108.54, a PEG ratio of 1.82 and a beta of 1.24. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $143.63.

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

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.