Founders Grove Wealth Partners LLC Has $837,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Founders Grove Wealth Partners LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,399 shares of the e-commerce giant’s stock after purchasing an additional 100 shares during the quarter. Founders Grove Wealth Partners LLC’s holdings in Amazon.com were worth $837,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cable Hill Partners LLC grew its holdings in shares of Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock worth $2,104,000 after acquiring an additional 44 shares during the period. Quattro Financial Advisors LLC grew its holdings in shares of 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 acquiring an additional 45 shares during the period. Northern Capital Management Inc. grew its holdings in shares of Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after acquiring an additional 45 shares during the period. White Wing Wealth Management grew its holdings in shares of Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after acquiring an additional 47 shares during the period. Finally, Balanced Wealth Group LLC grew its holdings in shares of Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock worth $705,000 after acquiring an additional 48 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 in the last three months. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Trading Up 2.8%

NASDAQ:AMZN opened at $223.30 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The business has a fifty day moving average price of $202.26 and a 200-day moving average price of $208.86.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMZN shares. Scotiabank reduced their target price on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, April 21st. Jefferies Financial Group dropped their price target on Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. JMP Securities reissued a “market outperform” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft dropped their price target on Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $245.81.

About Amazon.com

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.