Amazon.com, Inc. $AMZN Shares Purchased by West Wealth Group LLC

West Wealth Group LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,976 shares of the e-commerce giant’s stock after buying an additional 521 shares during the period. Amazon.com accounts for 0.7% of West Wealth Group LLC’s investment portfolio, making the stock its 24th largest position. West Wealth Group LLC’s holdings in Amazon.com were worth $2,494,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management purchased a new stake in Amazon.com in the fourth quarter valued at $35,000. Perritt Capital Management Inc raised its position in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the period. Cooksen Wealth LLC purchased a new stake in Amazon.com in the first quarter valued at $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Amazon.com in the first quarter valued at $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction that occurred 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 25,096,253 shares of company stock valued at $5,673,745,409. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AMZN. JMP Securities restated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research report on Friday, August 1st. HSBC boosted their price objective on Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Susquehanna boosted their price objective on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a report on Friday, August 1st. Jefferies Financial Group boosted their price objective on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Finally, Citizens Jmp initiated coverage on Amazon.com in a report on Thursday, July 10th. They issued a “strong-buy” rating on the stock. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $262.87.

Amazon.com Stock Performance

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

Amazon.com (NASDAQ:AMZN) last released 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 return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the business posted $1.26 EPS. Amazon.com’s quarterly revenue was up 13.3% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com 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.