Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,406 shares of the e-commerce giant’s stock after purchasing an additional 219 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Amazon.com were worth $2,741,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of AMZN. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $35,000. Perritt Capital Management Inc boosted its position in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the period. Finally, Quattro Financial Advisors LLC grew its stake in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the sale, the senior vice president now owns 47,030 shares of the company’s stock, valued at $9,519,342.30. The trade was a 22.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s 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 sale, the chief executive officer now owns 517,050 shares of the company’s stock, valued at approximately $105,984,909. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 in the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 2.4%

NASDAQ:AMZN opened at $217.12 on Friday. The business’s fifty day moving average price is $201.25 and its 200 day moving average price is $209.02. The firm has a market capitalization of $2.31 trillion, a price-to-earnings ratio of 35.36, a PEG ratio of 1.60 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for 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 quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AMZN shares. Raymond James Financial 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. Rosenblatt Securities increased their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Stifel Nicolaus cut their price objective on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. UBS Group reissued a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Tigress Financial raised their price target on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.64.

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.