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

Sculati Wealth Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,750 shares of the e-commerce giant’s stock after acquiring an additional 210 shares during the quarter. Amazon.com comprises about 2.7% of Sculati Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding. Sculati Wealth Management LLC’s holdings in Amazon.com were worth $5,736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. raised its holdings in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the last quarter. Strid Group LLC purchased a new stake in Amazon.com during the 4th quarter valued at $43,000. Harbor Investment Advisory LLC increased its holdings in shares of Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in shares of Amazon.com in the third quarter worth $49,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of Amazon.com during the fourth quarter valued at $57,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.4 %

AMZN stock opened at $184.30 on Friday. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve 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 firm’s fifty day simple moving average is $182.53 and its two-hundred day simple moving average is $168.66. The stock has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 51.62, a price-to-earnings-growth ratio of 1.30 and a beta of 1.14.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the business earned $0.31 EPS. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMZN shares. Evercore ISI lifted their price objective on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a 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 report on Thursday, April 18th. Barclays raised their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. BMO Capital Markets upped their price objective on Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Robert W. Baird raised their target price on Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and a consensus price target of $213.82.

Get Our Latest Stock Analysis on Amazon.com

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares in the company, valued at approximately $92,767,524.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,838 shares of company stock worth $11,984,344. Insiders own 10.80% of the company’s stock.

Amazon.com Company 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.

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

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