Amazon.com, Inc. $AMZN Shares Bought by Wealth Dimensions Group Ltd.

Wealth Dimensions Group Ltd. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,168 shares of the e-commerce giant’s stock after acquiring an additional 118 shares during the period. Amazon.com makes up 0.6% of Wealth Dimensions Group Ltd.’s investment portfolio, making the stock its 22nd largest holding. Wealth Dimensions Group Ltd.’s holdings in Amazon.com were worth $2,696,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $35,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have sold 25,096,253 shares of company stock worth $5,673,745,409. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.2%

Amazon.com stock opened at $231.49 on Tuesday. The firm has a 50 day simple moving average of $221.70 and a 200-day simple moving average of $208.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a market capitalization of $2.47 trillion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the firm posted $1.26 EPS. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on AMZN shares. Raymond James Financial reiterated an “outperform” rating and issued a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. HSBC raised their target price on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Citizens Jmp initiated coverage on shares of Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating for the company. Barclays raised their target price on shares of Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $262.87.

About Amazon.com

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.