Semus Wealth Partners LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 4.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 19,637 shares of the e-commerce giant’s stock after purchasing an additional 795 shares during the period. Amazon.com accounts for about 2.6% of Semus Wealth Partners LLC’s portfolio, making the stock its 6th largest position. Semus Wealth Partners LLC’s holdings in Amazon.com were worth $3,736,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com during the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter valued at about $35,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at about $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Performance
Shares of NASDAQ AMZN opened at $228.71 on Wednesday. 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, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a 50 day simple moving average of $223.15 and a two-hundred day simple moving average of $207.99. The stock has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.86, a PEG ratio of 1.53 and a beta of 1.31.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on AMZN shares. Citigroup restated an “overweight” rating on shares of Amazon.com in a report on Wednesday, August 13th. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a report on Tuesday, July 1st. Citizens Jmp started coverage on shares of Amazon.com in a report on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Wells Fargo & Company raised their price target on shares of Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Finally, BNP Paribas upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $262.87.
Read Our Latest Report on Amazon.com
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. The trade was a 26.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,097,911 shares of company stock worth $5,675,986,299. Corporate insiders own 10.80% of the company’s stock.
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.
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