WealthShield Partners LLC Has $10.50 Million Stock Position in Amazon.com, Inc. $AMZN

WealthShield Partners LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% during the first quarter, HoldingsChannel reports. The firm owned 50,408 shares of the e-commerce giant’s stock after acquiring an additional 2,395 shares during the quarter. Amazon.com makes up 1.2% of WealthShield Partners LLC’s investment portfolio, making the stock its 17th largest position. WealthShield Partners LLC’s holdings in Amazon.com were worth $10,498,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. U S Global Investors Inc. bought a new position in shares of Amazon.com in the first quarter valued at $1,979,000. TSA Wealth Managment LLC raised its position in Amazon.com by 16.0% during the first quarter. TSA Wealth Managment LLC now owns 4,182 shares of the e-commerce giant’s stock worth $871,000 after acquiring an additional 578 shares in the last quarter. Darwin Wealth Management LLC raised its position in Amazon.com by 9.4% during the first quarter. Darwin Wealth Management LLC now owns 16,308 shares of the e-commerce giant’s stock worth $3,396,000 after acquiring an additional 1,397 shares in the last quarter. Financial Connections Group Inc. lifted its stake in Amazon.com by 5.8% in the first quarter. Financial Connections Group Inc. now owns 1,728 shares of the e-commerce giant’s stock valued at $359,000 after acquiring an additional 95 shares during the last quarter. Finally, Account Management LLC grew its position in shares of Amazon.com by 14.4% in the 1st quarter. Account Management LLC now owns 11,055 shares of the e-commerce giant’s stock valued at $2,302,000 after acquiring an additional 1,390 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Roth Capital upped their target price on shares of Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wells Fargo & Company set a $322.00 price target on Amazon.com and gave the stock an “overweight” rating in a report on Tuesday. Wedbush reissued an “outperform” rating and set a $293.00 price target on shares of Amazon.com in a research report on Thursday. Stifel Nicolaus set a $319.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Canaccord Genuity Group lifted their target price on Amazon.com from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $312.91.

View Our Latest Research Report on AMZN

Amazon.com Stock Down 4.6%

AMZN opened at $233.66 on Friday. The stock has a fifty day moving average of $248.90 and a 200-day moving average of $236.35. The company has a market capitalization of $2.51 trillion, a P/E ratio of 27.95, a P/E/G ratio of 1.82 and a beta of 1.46. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating the consensus estimate of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. During the same period in the prior year, the company posted $1.59 earnings per share. Amazon.com’s revenue was up 16.6% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 7.75 EPS for the current year.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 2,363 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $262.38, for a total value of $620,003.94. Following the completion of the sale, the vice president directly owned 119,780 shares in the company, valued at approximately $31,427,876.40. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the sale, the senior vice president directly owned 41,190 shares in the company, valued at $11,060,750.70. This represents a 18.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 140,425 shares of company stock worth $37,715,464. Company insiders own 8.90% of the company’s stock.

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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