Ameliora Wealth Management Ltd. Buys 977 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ameliora Wealth Management Ltd. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,152 shares of the e-commerce giant’s stock after purchasing an additional 977 shares during the quarter. Ameliora Wealth Management Ltd.’s holdings in Amazon.com were worth $1,932,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. FMR LLC grew its stake in shares of Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Amazon.com in the fourth quarter valued at about $27,266,582,000. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on AMZN shares. Wedbush restated an “outperform” rating and issued a $235.00 price target (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. The Goldman Sachs Group decreased their price target on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Raymond James Financial reiterated an “outperform” rating and set a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. JMP Securities reiterated a “market outperform” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Royal Bank Of Canada reduced their price objective on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $245.64.

Insiders Place Their Bets

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total transaction of $512,450.00. Following the transaction, the chief executive officer now owns 517,050 shares of the company’s stock, valued at approximately $105,984,909. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,037 shares of company stock worth $20,531,075. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Up 2.1%

Shares of NASDAQ AMZN opened at $212.77 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a 50 day moving average price of $199.60 and a two-hundred day moving average price of $209.07. The stock has a market cap of $2.26 trillion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 1.57 and a beta of 1.33.

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

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.