SK Wealth Management LLC Buys 84 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

SK Wealth Management LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,215 shares of the e-commerce giant’s stock after acquiring an additional 84 shares during the period. Amazon.com comprises 0.6% of SK Wealth Management LLC’s holdings, making the stock its 28th largest holding. SK Wealth Management LLC’s holdings in Amazon.com were worth $1,182,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. MinichMacGregor Wealth Management LLC increased its position in shares of Amazon.com by 1.5% during the first quarter. MinichMacGregor Wealth Management LLC now owns 11,681 shares of the e-commerce giant’s stock worth $2,222,000 after buying an additional 178 shares during the period. Buck Wealth Strategies LLC increased its position in shares of Amazon.com by 6.3% during the first quarter. Buck Wealth Strategies LLC now owns 61,233 shares of the e-commerce giant’s stock worth $11,650,000 after buying an additional 3,623 shares during the period. FSC Wealth Advisors LLC increased its position in shares of Amazon.com by 3.2% during the first quarter. FSC Wealth Advisors LLC now owns 4,136 shares of the e-commerce giant’s stock worth $787,000 after buying an additional 128 shares during the period. Shum Financial Group Inc. increased its position in shares of Amazon.com by 3.4% during the first quarter. Shum Financial Group Inc. now owns 11,466 shares of the e-commerce giant’s stock worth $2,182,000 after buying an additional 377 shares during the period. Finally, Heartland Bank & Trust Co grew its holdings in Amazon.com by 16.3% in the first quarter. Heartland Bank & Trust Co now owns 27,900 shares of the e-commerce giant’s stock worth $5,308,000 after purchasing an additional 3,912 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AMZN. Evercore ISI reduced their price target on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a report on Tuesday. DA Davidson reduced their price target on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 14th. Scotiabank reduced their price target on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday, April 21st. Finally, Wall Street Zen cut shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.42.

Amazon.com Stock Performance

Shares of AMZN stock opened at $225.02 on Friday. The firm has a market cap of $2.39 trillion, a price-to-earnings ratio of 36.65, a P/E/G ratio of 1.67 and a beta of 1.33. 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’s 50-day simple moving average is $209.90 and its two-hundred day simple moving average is $208.63.

Amazon.com (NASDAQ:AMZN) last announced 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 business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president owned 119,780 shares of the company’s stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares in the company, valued at approximately $113,231,873. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,886,613 shares of company stock worth $1,531,840,610. Insiders own 9.70% of the company’s stock.

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.