Amazon.com, Inc. (NASDAQ:AMZN) Holdings Boosted by Royal Capital Wealth Management LLC

Royal Capital Wealth Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 41.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,110 shares of the e-commerce giant’s stock after purchasing an additional 5,300 shares during the period. Amazon.com makes up 2.4% of Royal Capital Wealth Management LLC’s portfolio, making the stock its 11th biggest position. Royal Capital Wealth Management LLC’s holdings in Amazon.com were worth $2,752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AMZN. Members Trust Co increased its stake in Amazon.com by 8.9% in the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after buying an additional 341 shares during the period. Cherrydale Wealth Management LLC boosted its stake in shares of Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after buying an additional 675 shares during the period. Tompkins Financial Corp grew its holdings in shares of Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after acquiring an additional 2,273 shares in the last quarter. Nicholas Company Inc. increased its stake in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after acquiring an additional 26,465 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Amazon.com by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after acquiring an additional 277,631 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMZN. Stifel Nicolaus boosted their target price on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Maxim Group decreased their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Tigress Financial lifted their price objective on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday. Roth Mkm restated a “buy” rating and set a $210.00 target price (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Wedbush reissued an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $212.40.

View Our Latest Stock Analysis on AMZN

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 50,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,994,182 shares in the company, valued at $358,952,760. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Jonathan Rubinstein sold 5,556 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,000,080.00. Following the sale, the director now directly owns 109,664 shares of the company’s stock, valued at $19,739,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the completion of the transaction, the chief executive officer now owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,894 shares of company stock worth $21,363,909. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Down 1.6 %

Shares of Amazon.com stock opened at $176.44 on Friday. The stock has a market capitalization of $1.84 trillion, a P/E ratio of 49.42, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $191.70. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a 50-day simple moving average of $182.34 and a 200 day simple moving average of $167.37.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $0.31 earnings per share. Research analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Amazon.com Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.