Alta Wealth Advisors LLC Buys 581 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Alta Wealth Advisors LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,113 shares of the e-commerce giant’s stock after buying an additional 581 shares during the period. Amazon.com comprises 1.6% of Alta Wealth Advisors LLC’s holdings, making the stock its 15th largest holding. Alta Wealth Advisors LLC’s holdings in Amazon.com were worth $3,446,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Beacon Financial Advisory LLC lifted its position in shares of Amazon.com by 13.3% in the 1st quarter. Beacon Financial Advisory LLC now owns 21,477 shares of the e-commerce giant’s stock worth $4,086,000 after purchasing an additional 2,521 shares during the period. Tanager Wealth Management LLP increased its stake in shares of Amazon.com by 3.1% in the first quarter. Tanager Wealth Management LLP now owns 24,265 shares of the e-commerce giant’s stock worth $4,617,000 after acquiring an additional 734 shares during the period. Total Wealth Planning & Management Inc. boosted its holdings in Amazon.com by 18.6% during the first quarter. Total Wealth Planning & Management Inc. now owns 12,337 shares of the e-commerce giant’s stock worth $2,347,000 after buying an additional 1,937 shares in the last quarter. Primoris Wealth Advisors LLC lifted its holdings in Amazon.com by 1.2% during the first quarter. Primoris Wealth Advisors LLC now owns 23,776 shares of the e-commerce giant’s stock valued at $4,524,000 after purchasing an additional 288 shares in the last quarter. Finally, Graphene Investments SAS lifted its holdings in Amazon.com by 13.7% during the first quarter. Graphene Investments SAS now owns 14,900 shares of the e-commerce giant’s stock valued at $2,835,000 after purchasing an additional 1,800 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 1.0%

Shares of Amazon.com stock opened at $226.13 on Friday. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.83, a PEG ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company’s fifty day simple moving average is $213.50 and its 200-day simple moving average is $208.59. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating 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 company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMZN. Piper Sandler set a $250.00 price objective on shares of Amazon.com and gave the stock an “overweight” rating in a research report on Friday, July 11th. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a research report on Tuesday, July 1st. JMP Securities lifted their price target on shares of Amazon.com from $250.00 to $285.00 and gave the company a “market outperform” rating in a research report on Thursday, July 10th. Citigroup reiterated a “market outperform” rating on shares of Amazon.com in a research report on Thursday, July 10th. Finally, Stifel Nicolaus lowered their price objective on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $250.35.

Insider Activity

In other news, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. 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 company’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the sale, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,335,232 shares of company stock valued at $3,210,622,570 over the last 90 days. Corporate insiders own 9.70% of the company’s stock.

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.