Darden Wealth Group Inc Has $6.59 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Darden Wealth Group Inc reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,638 shares of the e-commerce giant’s stock after selling 186 shares during the period. Amazon.com accounts for approximately 5.1% of Darden Wealth Group Inc’s investment portfolio, making the stock its 4th biggest position. Darden Wealth Group Inc’s holdings in Amazon.com were worth $6,590,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AMZN. Northern Capital Management Inc. boosted its stake in Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after purchasing an additional 45 shares during the last quarter. Talisman Wealth Advisors LLC lifted its stake in Amazon.com by 1.2% in the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock valued at $1,020,000 after purchasing an additional 53 shares during the last quarter. SWAN Capital LLC lifted its stake in Amazon.com by 3.1% in the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock valued at $396,000 after purchasing an additional 55 shares during the last quarter. Lokken Investment Group LLC lifted its stake in Amazon.com by 1.5% in the fourth quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant’s stock valued at $848,000 after purchasing an additional 56 shares during the last quarter. Finally, CWC Advisors LLC. lifted its stake in Amazon.com by 3.1% in the fourth quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant’s stock valued at $411,000 after purchasing an additional 56 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares in the company, valued at approximately $111,114,850. The trade was a 0.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction dated Thursday, July 24th. The stock was 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 owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,096,253 shares of company stock worth $5,673,745,409. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Up 0.0%

AMZN opened at $231.03 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm’s fifty day moving average is $221.41 and its 200 day moving average is $208.64. The stock has a market cap of $2.46 trillion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter in the previous year, the company earned $1.26 EPS. Amazon.com’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Evercore ISI reiterated an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Wednesday. BMO Capital Markets boosted their target price on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, August 1st. BNP Paribas raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Rosenblatt Securities boosted their target price on shares of Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Tigress Financial boosted their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. One analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and an average target price of $262.87.

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.