Executive Wealth Group LLC Purchases 20,920 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Executive Wealth Group LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 200.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,380 shares of the e-commerce giant’s stock after purchasing an additional 20,920 shares during the quarter. Amazon.com comprises 1.1% of Executive Wealth Group LLC’s holdings, making the stock its 19th biggest position. Executive Wealth Group LLC’s holdings in Amazon.com were worth $5,359,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cooksen Wealth LLC bought a new position in Amazon.com in the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC bought a new position in shares of Amazon.com in the 4th quarter worth $43,000. Harbor Investment Advisory LLC grew its stake in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares during the period. Finally, Clarity Asset Management Inc. bought a new stake in Amazon.com in the fourth quarter valued at about $46,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.9 %

AMZN opened at $185.57 on Tuesday. The stock has a fifty day moving average of $182.82 and a 200-day moving average of $172.00. The company has a market capitalization of $1.93 trillion, a P/E ratio of 51.98, a P/E/G ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $191.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned $0.31 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMZN shares. Citigroup boosted their target price on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group upped their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. UBS Group lifted their price target on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, Piper Sandler lifted their target price on Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average target price of $215.37.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,338 shares of company stock worth $11,894,344. 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.