Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by Fourth Dimension Wealth LLC

Fourth Dimension Wealth LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 28,278 shares of the e-commerce giant’s stock after acquiring an additional 2,847 shares during the quarter. Amazon.com comprises 2.6% of Fourth Dimension Wealth LLC’s investment portfolio, making the stock its 9th largest holding. Fourth Dimension Wealth LLC’s holdings in Amazon.com were worth $5,380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares during the last quarter. Inlight Wealth Management LLC purchased a new position in Amazon.com during the first quarter worth about $40,000. Finally, Capitol Family Office Inc. acquired a new stake in shares of Amazon.com in the first quarter worth approximately $42,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.3%

Shares of NASDAQ AMZN opened at $226.35 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The business has a 50-day moving average price of $211.52 and a two-hundred day moving average price of $208.50. The firm has a market capitalization of $2.40 trillion, a PE ratio of 36.86, a PEG ratio of 1.69 and a beta of 1.33.

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

Analyst Ratings Changes

Several equities research analysts have commented on AMZN shares. Needham & Company LLC restated a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, July 10th. UBS Group reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Mizuho lowered their price target on Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Westpark Capital reiterated a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $249.42.

Insider Activity

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the sale, the chief executive officer owned 2,148,694 shares of the company’s stock, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Insiders have sold a total of 13,602,037 shares of company stock worth $3,044,172,641 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

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.