Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Westend Capital Management LLC

Westend Capital Management LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,940 shares of the e-commerce giant’s stock after buying an additional 519 shares during the quarter. Amazon.com accounts for approximately 3.7% of Westend Capital Management LLC’s holdings, making the stock its 13th biggest position. Westend Capital Management LLC’s holdings in Amazon.com were worth $9,692,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Confluence Wealth Services Inc. lifted its position in shares of Amazon.com by 13.9% during the 1st quarter. Confluence Wealth Services Inc. now owns 26,490 shares of the e-commerce giant’s stock worth $4,784,000 after purchasing an additional 3,234 shares during the last quarter. CWC Advisors LLC. lifted its position in shares of Amazon.com by 109.3% during the 1st quarter. CWC Advisors LLC. now owns 3,918 shares of the e-commerce giant’s stock worth $745,000 after purchasing an additional 2,046 shares during the last quarter. Bordeaux Wealth Advisors LLC lifted its position in shares of Amazon.com by 1.3% during the 1st quarter. Bordeaux Wealth Advisors LLC now owns 30,814 shares of the e-commerce giant’s stock worth $5,863,000 after purchasing an additional 406 shares during the last quarter. Hoertkorn Richard Charles raised its holdings in Amazon.com by 27.1% in the 1st quarter. Hoertkorn Richard Charles now owns 11,322 shares of the e-commerce giant’s stock valued at $2,154,000 after acquiring an additional 2,415 shares in the last quarter. Finally, Financial Life Advisors raised its holdings in Amazon.com by 18.8% in the 1st quarter. Financial Life Advisors now owns 3,558 shares of the e-commerce giant’s stock valued at $677,000 after acquiring an additional 562 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the business’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,335,232 shares of company stock valued at $3,210,622,570 over the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $229.19 on Tuesday. The business has a fifty day simple moving average of $213.50 and a 200 day simple moving average of $208.51. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 37.33, a PEG ratio of 1.69 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.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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 company had revenue of $155.67 billion for 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%. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AMZN shares. Raymond James Financial reaffirmed an “outperform” rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Piper Sandler set a $250.00 price target on Amazon.com and gave the stock an “overweight” rating in a report on Friday, July 11th. Benchmark reiterated a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Oppenheimer boosted their price objective 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $250.02.

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.