Western Wealth Management LLC Has $26.66 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Western Wealth Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,122 shares of the e-commerce giant’s stock after acquiring an additional 1,297 shares during the period. Amazon.com makes up approximately 1.8% of Western Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position. Western Wealth Management LLC’s holdings in Amazon.com were worth $26,660,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter worth approximately $27,000. LSV Asset Management acquired a new position in Amazon.com in the fourth quarter worth approximately $35,000. Perritt Capital Management Inc grew its position in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in Amazon.com in the first quarter worth approximately $40,000. Finally, Capitol Family Office Inc. acquired a new position in Amazon.com in the first quarter worth approximately $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on AMZN shares. Needham & Company LLC restated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Benchmark reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Morgan Stanley raised their price objective on shares of Amazon.com from $250.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Three 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’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $250.35.

Insider Activity

In related news, CEO Matthew S. Garman sold 20,923 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 $4,211,799.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,335,232 shares of company stock worth $3,210,622,570. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $226.13 on Friday. The company has a market capitalization of $2.40 trillion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. 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’s fifty day moving average price is $213.50 and its 200 day moving average price is $208.67.

Amazon.com (NASDAQ:AMZN) last announced its earnings results 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. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm 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 firm posted $0.98 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.