Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,483 shares of the e-commerce giant’s stock after buying an additional 666 shares during the period. Amazon.com makes up 2.5% of Beverly Hills Private Wealth LLC’s portfolio, making the stock its 6th largest position. Beverly Hills Private Wealth LLC’s holdings in Amazon.com were worth $12,611,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the 4th quarter worth $27,000. Accordant Advisory Group Inc boosted its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the period. LSV Asset Management acquired a new position in Amazon.com in the 4th quarter worth $35,000. Perritt Capital Management Inc boosted its stake in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the period. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com in the 4th quarter worth $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,749 shares of company stock worth $24,197,235 in the last quarter. Corporate insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMZN. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Citizens Jmp cut their price target on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Westpark Capital reissued a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. BNP Paribas raised shares of Amazon.com to a “hold” rating in a research report on Wednesday, April 30th. Finally, Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. 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, the company currently has an average rating of “Moderate Buy” and an average target price of $244.09.

Amazon.com Stock Down 1.0%

Shares of AMZN opened at $200.99 on Friday. The firm’s 50-day simple moving average is $190.05 and its 200 day simple moving average is $208.80. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a market cap of $2.13 trillion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

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