Carolinas Wealth Consulting LLC Acquires 371 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Carolinas Wealth Consulting LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,757 shares of the e-commerce giant’s stock after purchasing an additional 371 shares during the period. Amazon.com accounts for about 0.9% of Carolinas Wealth Consulting LLC’s portfolio, making the stock its 27th biggest position. Carolinas Wealth Consulting LLC’s holdings in Amazon.com were worth $5,433,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Certuity LLC raised its stake in Amazon.com by 17.6% during the 3rd quarter. Certuity LLC now owns 53,882 shares of the e-commerce giant’s stock worth $7,083,000 after buying an additional 8,067 shares during the period. Fiducient Advisors LLC raised its stake in Amazon.com by 860.2% during the 3rd quarter. Fiducient Advisors LLC now owns 15,132 shares of the e-commerce giant’s stock worth $1,924,000 after buying an additional 13,556 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Amazon.com by 0.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 3,835,934 shares of the e-commerce giant’s stock worth $487,624,000 after buying an additional 18,742 shares during the period. STF Management LP raised its stake in Amazon.com by 58.4% during the 3rd quarter. STF Management LP now owns 78,313 shares of the e-commerce giant’s stock worth $9,955,000 after buying an additional 28,872 shares during the period. Finally, Corient Private Wealth LLC raised its stake in Amazon.com by 0.9% during the 3rd quarter. Corient Private Wealth LLC now owns 6,242,430 shares of the e-commerce giant’s stock worth $793,524,000 after buying an additional 52,793 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.5 %

NASDAQ AMZN opened at $187.06 on Tuesday. The company has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.40, a PEG ratio of 1.32 and a beta of 1.14. The stock’s 50-day simple moving average is $182.66 and its two-hundred day simple moving average is $169.27. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $191.70.

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

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research reports. Moffett Nathanson reaffirmed a “buy” rating and set a $228.00 price target on shares of Amazon.com in a research note on Thursday, April 11th. Wells Fargo & Company increased their price objective on Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Raymond James increased their price objective on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, May 1st. Evercore ISI increased their price objective on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $213.82.

View Our Latest Analysis on Amazon.com

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the chief executive officer now directly 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 can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $620,515.00. Following the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The disclosure for this sale can be found here. Insiders have sold 65,838 shares of company stock valued at $11,984,344 over the last ninety days. 10.80% of the stock is owned by insiders.

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.

Further Reading

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

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