Amazon.com, Inc. $AMZN Stock Holdings Increased by Verus Financial Partners Inc.

Verus Financial Partners Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 28.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,894 shares of the e-commerce giant’s stock after acquiring an additional 419 shares during the period. Verus Financial Partners Inc.’s holdings in Amazon.com were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Arcadia Wealth Management LLC lifted its stake in shares of Amazon.com by 10.4% in the 1st quarter. Arcadia Wealth Management LLC now owns 13,487 shares of the e-commerce giant’s stock worth $2,566,000 after acquiring an additional 1,272 shares during the period. Peterson Wealth Services lifted its stake in shares of Amazon.com by 3.6% in the 1st quarter. Peterson Wealth Services now owns 58,784 shares of the e-commerce giant’s stock worth $11,184,000 after acquiring an additional 2,055 shares during the period. 4WEALTH Advisors Inc. lifted its stake in shares of Amazon.com by 5.3% in the 1st quarter. 4WEALTH Advisors Inc. now owns 6,242 shares of the e-commerce giant’s stock worth $1,188,000 after acquiring an additional 316 shares during the period. William Allan Corp raised its stake in shares of Amazon.com by 15.5% in the 1st quarter. William Allan Corp now owns 25,785 shares of the e-commerce giant’s stock worth $4,906,000 after buying an additional 3,466 shares in the last quarter. Finally, West Wealth Group LLC raised its stake in shares of Amazon.com by 4.2% in the 1st quarter. West Wealth Group LLC now owns 12,976 shares of the e-commerce giant’s stock worth $2,494,000 after buying an additional 521 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction 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 transaction, the insider directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 25,096,253 shares of company stock valued at $5,673,745,409. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Up 0.2%

Shares of AMZN opened at $231.49 on Tuesday. The firm has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The business’s fifty day moving average price is $221.70 and its two-hundred day moving average price is $208.21. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $1.26 EPS. On average, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research reports. Pivotal Research boosted their price objective on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Westpark Capital reissued a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Roth Capital set a $250.00 price objective on Amazon.com and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Wells Fargo & Company boosted their price objective on Amazon.com from $238.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Finally, Robert W. Baird boosted their price objective on Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. One 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target 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.