Weaver Consulting Group Purchases 652 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Weaver Consulting Group raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,804 shares of the e-commerce giant’s stock after purchasing an additional 652 shares during the period. Weaver Consulting Group’s holdings in Amazon.com were worth $2,817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management purchased a new position in shares of Amazon.com during the fourth quarter worth about $35,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com during the first quarter worth about $40,000. Finally, Perritt Capital Management Inc grew its holdings in shares of Amazon.com by 72.7% during the fourth 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.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 25,102,037 shares of company stock worth $5,674,871,223. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research reports. Jefferies Financial Group upped their target price on Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Stifel Nicolaus cut their target price on Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Mizuho cut their target price on Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Cantor Fitzgerald upped their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Finally, DA Davidson lowered their price target on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $254.33.

Amazon.com Price Performance

NASDAQ AMZN opened at $231.44 on Monday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a 50-day moving average of $215.66 and a 200 day moving average of $208.72. The company has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 37.69, a PEG ratio of 1.72 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS 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.