Net Worth Advisory Group Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Net Worth Advisory Group boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,937 shares of the e-commerce giant’s stock after acquiring an additional 1,385 shares during the quarter. Amazon.com accounts for approximately 0.8% of Net Worth Advisory Group’s holdings, making the stock its 19th biggest holding. Net Worth Advisory Group’s holdings in Amazon.com were worth $2,461,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Members Wealth LLC lifted its position in shares of Amazon.com by 4.9% during the first quarter. Members Wealth LLC now owns 7,636 shares of the e-commerce giant’s stock valued at $1,453,000 after buying an additional 358 shares during the last quarter. apricus wealth LLC raised its stake in shares of Amazon.com by 13.2% during the 1st quarter. apricus wealth LLC now owns 3,433 shares of the e-commerce giant’s stock worth $653,000 after acquiring an additional 400 shares in the last quarter. Braun Bostich & Associates Inc. raised its stake in shares of Amazon.com by 1.5% during the 1st quarter. Braun Bostich & Associates Inc. now owns 5,676 shares of the e-commerce giant’s stock worth $1,080,000 after acquiring an additional 84 shares in the last quarter. Define Financial LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $389,000. Finally, Fifth Third Bancorp grew its holdings in Amazon.com by 2.7% in the first quarter. Fifth Third Bancorp now owns 3,850,838 shares of the e-commerce giant’s stock worth $732,660,000 after purchasing an additional 99,649 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Matthew S. Garman sold 20,923 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 over the last ninety days. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $223.30 on Friday. The firm has a 50-day simple moving average of $202.26 and a 200-day simple moving average of $209.01. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the prior year, the company earned $0.98 EPS. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMZN. BNP Paribas raised Amazon.com to a “hold” rating in a research report on Wednesday, April 30th. Piper Sandler reiterated an “overweight” rating and issued a $212.00 price target (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Evercore ISI lowered their price target on Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Mizuho cut their price objective on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Moffett Nathanson increased their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $245.81.

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.