Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by GDS Wealth Management

GDS Wealth Management boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the first quarter, Holdings Channel reports. The firm owned 112,426 shares of the e-commerce giant’s stock after buying an additional 4,707 shares during the quarter. Amazon.com comprises approximately 2.4% of GDS Wealth Management’s holdings, making the stock its 8th biggest position. GDS Wealth Management’s holdings in Amazon.com were worth $20,279,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Ridgecrest Wealth Partners LLC grew its stake in shares of Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after buying an additional 56 shares in the last quarter. Stordahl Capital Management Inc. grew its stake in shares of Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after buying an additional 56 shares in the last quarter. Echo45 Advisors LLC grew its stake in shares of Amazon.com by 0.9% in the first quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock valued at $1,194,000 after buying an additional 59 shares in the last quarter. ShoreHaven Wealth Partners LLC grew its stake in Amazon.com by 1.9% during the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after purchasing an additional 60 shares in the last quarter. Finally, O Dell Group LLC grew its stake in Amazon.com by 0.5% during the 4th quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock valued at $2,064,000 after purchasing an additional 61 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction on Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $9,000,000.00. Following the transaction, the chief executive officer now directly owns 1,994,182 shares in the company, valued at approximately $358,952,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the transaction, the chief executive officer now owns 1,994,182 shares in the company, valued at approximately $358,952,760. The disclosure for this sale can be found here. Insiders have sold 117,894 shares of company stock worth $21,363,909 in the last three months. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

Shares of AMZN stock traded down $0.30 during mid-day trading on Friday, hitting $180.75. 27,471,640 shares of the stock traded hands, compared to its average volume of 45,370,076. Amazon.com, Inc. has a twelve month low of $114.31 and a twelve month high of $191.70. The firm has a market cap of $1.88 trillion, a price-to-earnings ratio of 50.63, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. The company’s 50-day simple moving average is $182.04 and its 200-day simple moving average is $166.22. 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 issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period last year, the firm earned $0.31 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent analyst reports. Loop Capital raised their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Monness Crespi & Hardt raised their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. JMP Securities restated a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. UBS Group raised their price objective on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Wolfe Research raised their price objective on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $211.62.

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.