Intergy Private Wealth LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Intergy Private Wealth LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 33.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,865 shares of the e-commerce giant’s stock after purchasing an additional 979 shares during the period. Intergy Private Wealth LLC’s holdings in Amazon.com were worth $735,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Fiduciary Planning LLC grew its position in Amazon.com by 7.8% during the 1st quarter. Fiduciary Planning LLC now owns 16,889 shares of the e-commerce giant’s stock worth $3,213,000 after purchasing an additional 1,215 shares during the last quarter. Gateway Investment Advisers LLC grew its position in Amazon.com by 0.7% during the 1st quarter. Gateway Investment Advisers LLC now owns 1,818,290 shares of the e-commerce giant’s stock worth $345,948,000 after purchasing an additional 11,876 shares during the last quarter. Seneca House Advisors boosted its holdings in shares of Amazon.com by 23.8% in the 1st quarter. Seneca House Advisors now owns 6,177 shares of the e-commerce giant’s stock valued at $1,175,000 after acquiring an additional 1,187 shares during the last quarter. Blue Zone Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 3.9% in the 1st quarter. Blue Zone Wealth Advisors LLC now owns 28,898 shares of the e-commerce giant’s stock valued at $5,498,000 after acquiring an additional 1,081 shares during the last quarter. Finally, Independence Bank of Kentucky boosted its holdings in shares of Amazon.com by 6.7% in the 1st quarter. Independence Bank of Kentucky now owns 81,265 shares of the e-commerce giant’s stock valued at $15,461,000 after acquiring an additional 5,091 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $209.69 on Friday. The firm has a 50-day simple moving average of $198.41 and a 200-day simple moving average of $209.31. The stock has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMZN. Bank of America upped their price objective on shares of Amazon.com from $230.00 to $248.00 and gave the company a “buy” rating in a report on Monday, June 2nd. JMP Securities reaffirmed a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. Truist Financial dropped their price objective on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. BNP Paribas raised shares of Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Finally, UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $245.53.

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.