Navis Wealth Advisors LLC Purchases 489 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Navis Wealth Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,292 shares of the e-commerce giant’s stock after acquiring an additional 489 shares during the quarter. Amazon.com makes up 1.2% of Navis Wealth Advisors LLC’s investment portfolio, making the stock its 15th largest position. Navis Wealth Advisors LLC’s holdings in Amazon.com were worth $1,197,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new stake in Amazon.com during the 4th quarter worth approximately $35,000. Inlight Wealth Management LLC bought a new stake in Amazon.com during the 1st quarter worth approximately $40,000. Finally, Perritt Capital Management Inc lifted its stake in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AMZN. The Goldman Sachs Group reduced their price target on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. DA Davidson lowered their price target on Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Mizuho cut their price objective on Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Oppenheimer raised their target price on shares of Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. Finally, Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a research report on Tuesday, July 1st. Three 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 company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $249.42.

Amazon.com Price Performance

Shares of AMZN opened at $226.35 on Wednesday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market capitalization of $2.40 trillion, a P/E ratio of 36.86, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The firm has a 50 day moving average of $211.52 and a 200 day moving average of $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 (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The business 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%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,442,187 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $225.89, for a total transaction of $551,665,621.43. Following the transaction, the insider owned 895,279,901 shares in the company, valued at $202,234,776,836.89. This represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,602,037 shares of company stock valued at $3,044,172,641 over the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com Company 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.