Salvus Wealth Management LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Salvus Wealth Management LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,120 shares of the e-commerce giant’s stock after buying an additional 159 shares during the period. Amazon.com accounts for 1.3% of Salvus Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest position. Salvus Wealth Management LLC’s holdings in Amazon.com were worth $2,116,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth $749,000. Segall Bryant & Hamill LLC grew its position in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after purchasing an additional 39,696 shares during the period. Bearing Point Capital LLC acquired a new position in Amazon.com in the fourth quarter valued at $12,014,000. Evergreen Capital Management LLC lifted its position in Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after buying an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after buying an additional 2,196,353 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the sale, the chief executive officer now directly owns 2,148,694 shares in the company, valued at $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the transaction, the chief executive officer now owns 517,050 shares in the company, valued at $105,984,909. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the company. Rosenblatt Securities lifted their price target on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Barclays decreased their target price on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group dropped their price target on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Oppenheimer cut their price target on shares of Amazon.com from $260.00 to $220.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $244.89.

Amazon.com Trading Down 0.6%

Shares of NASDAQ:AMZN opened at $214.82 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.28 trillion, a PE ratio of 34.99, a P/E/G ratio of 1.64 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a fifty day moving average price of $196.86 and a 200 day moving average price of $209.30.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.