19,034 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Apex Wealth Management LLC

Apex Wealth Management LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,034 shares of the e-commerce giant’s stock, valued at approximately $4,176,000. Amazon.com comprises about 3.6% of Apex Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Accordant Advisory Group Inc raised its holdings in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the fourth quarter worth $27,000. LSV Asset Management acquired a new position in shares of Amazon.com in the fourth quarter worth $35,000. Perritt Capital Management Inc raised its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC raised its holdings in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $203.10 on Friday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business has a 50-day moving average of $189.89 and a 200-day moving average of $208.79. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 36.73, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 4,784 shares of the business’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $205.05, for a total value of $980,959.20. Following the transaction, the chief executive officer now owns 514,150 shares in the company, valued at approximately $105,426,457.50. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This trade represents a 27.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,996 shares of company stock worth $6,316,899. 9.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMZN has been the subject of a number of analyst reports. UBS Group reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Stifel Nicolaus cut their price target on Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Wedbush reissued an “outperform” rating and issued a $235.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Raymond James reiterated an “outperform” rating and issued a $195.00 target price (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Finally, Tigress Financial increased their target price on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $244.09.

Amazon.com Company 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.