WealthCare Investment Partners LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

WealthCare Investment Partners LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,472 shares of the e-commerce giant’s stock after purchasing an additional 366 shares during the quarter. WealthCare Investment Partners LLC’s holdings in Amazon.com were worth $626,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in Amazon.com during the fourth quarter valued at approximately $17,700,551,000. Vanguard Group Inc. lifted its position in Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after buying an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC lifted its position in Amazon.com by 16,029.3% during the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after buying an additional 23,717,254 shares in the last quarter. FMR LLC lifted its position in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after buying an additional 21,649,871 shares in the last quarter. Finally, Global Assets Advisory LLC lifted its position in Amazon.com by 30,350.2% during the first quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock valued at $1,178,164,000 after buying an additional 6,510,119 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN opened at $197.20 on Tuesday. The firm has a 50-day moving average price of $183.87 and a 200 day moving average price of $173.28. The firm has a market capitalization of $2.05 trillion, a PE ratio of 55.24, a P/E/G ratio of 1.38 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $199.84.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same quarter in the prior year, the firm posted $0.31 EPS. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The disclosure for this sale can be found here. In the last three months, insiders sold 66,548 shares of company stock valued at $12,180,239. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on AMZN. Wells Fargo & Company boosted their target price on shares of Amazon.com from $234.00 to $239.00 and gave the stock an “overweight” rating in a research report on Friday. Evercore ISI boosted their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Roth Mkm reissued a “buy” rating and set a $210.00 target price (up from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Moffett Nathanson reissued a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $215.86.

Amazon.com Company 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.