NRI Wealth Management LC Acquires 1,193 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

NRI Wealth Management LC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,497 shares of the e-commerce giant’s stock after acquiring an additional 1,193 shares during the quarter. Amazon.com comprises about 4.0% of NRI Wealth Management LC’s investment portfolio, making the stock its 8th biggest holding. NRI Wealth Management LC’s holdings in Amazon.com were worth $5,422,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. FFG Partners LLC boosted its stake in shares of Amazon.com by 12.9% during the 1st quarter. FFG Partners LLC now owns 69,759 shares of the e-commerce giant’s stock valued at $13,272,000 after buying an additional 7,972 shares during the period. HBK Sorce Advisory LLC grew its stake in Amazon.com by 2.9% during the first quarter. HBK Sorce Advisory LLC now owns 81,742 shares of the e-commerce giant’s stock worth $15,552,000 after buying an additional 2,338 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of Amazon.com by 116.5% during the first quarter. Golden State Wealth Management LLC now owns 151,761 shares of the e-commerce giant’s stock worth $28,875,000 after purchasing an additional 81,659 shares in the last quarter. Aurora Private Wealth Inc. lifted its position in shares of Amazon.com by 673.2% during the first quarter. Aurora Private Wealth Inc. now owns 127,141 shares of the e-commerce giant’s stock worth $24,190,000 after purchasing an additional 110,697 shares in the last quarter. Finally, Kellett Wealth Advisors LLC lifted its holdings in Amazon.com by 23.4% in the first quarter. Kellett Wealth Advisors LLC now owns 9,210 shares of the e-commerce giant’s stock valued at $1,752,000 after buying an additional 1,746 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 0.3%

AMZN stock opened at $223.88 on Friday. The business has a 50 day simple moving average of $212.84 and a two-hundred day simple moving average of $208.62. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 36.46, a PEG ratio of 1.67 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 the consensus estimate of $154.96 billion. During the same quarter last year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AMZN shares. UBS Group reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Telsey Advisory Group reiterated an “outperform” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, July 10th. Wall Street Zen lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Truist Financial boosted their target price on shares of Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, Oppenheimer boosted their target price on shares of Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $250.35.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the 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 transaction, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,335,232 shares of company stock valued at $3,210,622,570. 9.70% of the stock is owned by company insiders.

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.