IMG Wealth Management Inc. Has $247,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

IMG Wealth Management Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,300 shares of the e-commerce giant’s stock after buying an additional 65 shares during the period. IMG Wealth Management Inc.’s holdings in Amazon.com were worth $247,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMZN. Chevy Chase Trust Holdings LLC increased its position in shares of Amazon.com by 0.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 6,123,360 shares of the e-commerce giant’s stock worth $1,165,030,000 after acquiring an additional 27,472 shares in the last quarter. St. Johns Investment Management Company LLC grew its position in shares of Amazon.com by 7.9% during the 1st quarter. St. Johns Investment Management Company LLC now owns 24,812 shares of the e-commerce giant’s stock valued at $4,721,000 after acquiring an additional 1,816 shares during the period. Sava Infond d.o.o. grew its position in shares of Amazon.com by 1.2% during the 1st quarter. Sava Infond d.o.o. now owns 115,380 shares of the e-commerce giant’s stock valued at $21,952,000 after acquiring an additional 1,420 shares during the period. LaFleur & Godfrey LLC boosted its holdings in Amazon.com by 8.1% in the 1st quarter. LaFleur & Godfrey LLC now owns 53,417 shares of the e-commerce giant’s stock worth $10,163,000 after buying an additional 4,010 shares during the period. Finally, Petros Family Wealth LLC lifted its holdings in shares of Amazon.com by 10.8% during the 1st quarter. Petros Family Wealth LLC now owns 7,323 shares of the e-commerce giant’s stock worth $1,393,000 after acquiring an additional 712 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the transaction, the chief executive officer owned 2,148,694 shares in the company, valued at approximately $432,532,102.20. This represents a 0.92% 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, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,602,037 shares of company stock worth $3,044,172,641. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Oppenheimer increased their price target on shares of Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Truist Financial upped their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Bank of America increased their price target on Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a research note on Monday, June 2nd. Finally, Westpark Capital restated a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $249.42.

Amazon.com Stock Performance

Shares of AMZN stock opened at $226.35 on Wednesday. The company’s 50 day moving average is $211.52 and its 200 day moving average is $208.50. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.86, a PEG ratio of 1.69 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted its 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. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.