Amazon.com, Inc. $AMZN Shares Purchased by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,035 shares of the e-commerce giant’s stock after acquiring an additional 998 shares during the quarter. Amazon.com comprises 0.4% of Cassaday & Co Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Cassaday & Co Wealth Management LLC’s holdings in Amazon.com were worth $14,086,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Stordahl Capital Management Inc. lifted its holdings in shares of Amazon.com by 3.1% in the 1st quarter. Stordahl Capital Management Inc. now owns 3,054 shares of the e-commerce giant’s stock valued at $581,000 after buying an additional 93 shares during the period. Conservest Capital Advisors Inc. lifted its holdings in shares of Amazon.com by 1.1% in the 1st quarter. Conservest Capital Advisors Inc. now owns 6,725 shares of the e-commerce giant’s stock valued at $1,279,000 after buying an additional 74 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of Amazon.com by 5.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 723,643 shares of the e-commerce giant’s stock valued at $137,680,000 after buying an additional 35,179 shares during the period. Fountainhead AM LLC lifted its holdings in shares of Amazon.com by 47.2% in the 1st quarter. Fountainhead AM LLC now owns 25,571 shares of the e-commerce giant’s stock valued at $4,865,000 after buying an additional 8,198 shares during the period. Finally, Savoir Faire Capital Management L.P. lifted its holdings in shares of Amazon.com by 109.2% in the 1st quarter. Savoir Faire Capital Management L.P. now owns 30,421 shares of the e-commerce giant’s stock valued at $5,788,000 after buying an additional 15,881 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AMZN shares. Rosenblatt Securities raised their price target on Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a report on Friday, August 1st. Wells Fargo & Company raised their price target on Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. raised their price target on Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Canaccord Genuity Group reissued a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Finally, Royal Bank Of Canada raised their price target on Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $262.87.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 25,096,253 shares of company stock worth $5,673,745,409 in the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $231.03 on Monday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The stock has a market capitalization of $2.46 trillion, a P/E ratio of 35.22, a PEG ratio of 1.56 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average price is $221.41 and its 200 day moving average price is $208.26.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 earnings per share. As a group, research analysts anticipate 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.