Western Wealth Management LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Western Wealth Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,762 shares of the e-commerce giant’s stock after purchasing an additional 2,872 shares during the period. Amazon.com accounts for 1.6% of Western Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position. Western Wealth Management LLC’s holdings in Amazon.com were worth $21,843,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Lake Hills Wealth Management LLC increased its position in Amazon.com by 0.8% during the 4th quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after purchasing an additional 65 shares during the period. Veery Capital LLC increased its position in shares of Amazon.com by 1.1% during the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after buying an additional 66 shares during the period. Bellwether Advisors LLC raised its stake in Amazon.com by 2.3% in the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock worth $446,000 after buying an additional 66 shares in the last quarter. StrategIQ Financial Group LLC lifted its holdings in Amazon.com by 0.3% in the fourth quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock worth $3,534,000 after buying an additional 66 shares during the period. Finally, Marion Wealth Management grew its holdings in shares of Amazon.com by 1.6% during the 4th quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock worth $657,000 after acquiring an additional 67 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jonathan Rubinstein sold 12,133 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $171.00, for a total transaction of $2,074,743.00. Following the completion of the transaction, the director now directly owns 115,220 shares in the company, valued at approximately $19,702,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. Insiders have sold 26,198,961 shares of company stock worth $4,482,430,577 in the last three months. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JMP Securities restated a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. DA Davidson reissued a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. Piper Sandler raised their target price on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Roth Mkm reissued a “buy” rating and issued a $210.00 price target (up from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $211.62.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $188.00 on Thursday. The stock’s fifty day moving average is $179.60 and its 200 day moving average is $161.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a one year low of $105.16 and a one year high of $189.94. The stock has a market cap of $1.96 trillion, a P/E ratio of 52.66, a P/E/G ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.