Madison Wealth Partners Inc Has $3.82 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Madison Wealth Partners Inc lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,092 shares of the e-commerce giant’s stock after buying an additional 375 shares during the period. Amazon.com comprises about 0.9% of Madison Wealth Partners Inc’s portfolio, making the stock its 19th biggest holding. Madison Wealth Partners Inc’s holdings in Amazon.com were worth $3,823,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMZN. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the 4th quarter valued at about $35,000. Perritt Capital Management Inc boosted its position in shares of 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 in the last quarter. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at about $40,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Amazon.com during the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 1.2%

Shares of AMZN stock opened at $225.02 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 company has a market cap of $2.39 trillion, a price-to-earnings ratio of 36.65, a PEG ratio of 1.69 and a beta of 1.33. The stock has a 50 day simple moving average of $209.90 and a 200-day simple moving average of $208.49. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

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

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction on 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 transaction, the senior vice president directly owned 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the transaction, the chief executive officer owned 514,550 shares of the company’s stock, valued at $113,231,873. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,886,613 shares of company stock valued at $1,531,840,610 in the last three months. 9.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent research reports. Bank of America raised their target price on Amazon.com from $230.00 to $248.00 and gave the company a “buy” rating in a report on Monday, June 2nd. Evercore ISI decreased their price target on Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Truist Financial increased their price target on Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Morgan Stanley increased their price target on Amazon.com from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Wall Street Zen downgraded Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $249.42.

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.