Silverlake Wealth Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,793 shares of the e-commerce giant’s stock after purchasing an additional 253 shares during the quarter. Silverlake Wealth Management LLC’s holdings in Amazon.com were worth $702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Fiduciary Planning LLC raised its stake in Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares during the last quarter. HBC Financial Services PLLC grew its position in shares of Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares during the period. Meridian Investment Counsel Inc. grew its position in shares of Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares during the period. Alterna Wealth Management Inc. grew its position in shares of Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares during the period. Finally, Archetype Wealth Partners grew its position in shares of Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares during the period. 56.67% of the stock is owned by institutional investors.
Amazon.com Stock Performance
Amazon.com stock opened at $129.18 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57. The firm has a market capitalization of $1.33 trillion, a P/E ratio of 307.57, a price-to-earnings-growth ratio of 2.52 and a beta of 1.26. The company’s 50-day moving average is $116.38 and its 200 day moving average is $102.85.
Insiders Place Their Bets
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total value of $50,835.00. Following the transaction, the chief executive officer now directly owns 137,300 shares in the company, valued at approximately $13,959,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $120.61, for a total transaction of $482,440.00. Following the transaction, the chief executive officer now directly owns 568,301 shares in the company, valued at $68,542,783.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the transaction, the chief executive officer now owns 137,300 shares in the company, valued at $13,959,291. The disclosure for this sale can be found here. Insiders have sold 73,845 shares of company stock worth $8,408,115 in the last three months. Corporate insiders own 12.70% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of Amazon.com from $125.00 to $130.00 in a research report on Friday, April 28th. UBS Group boosted their price objective on shares of Amazon.com from $130.00 to $150.00 in a research report on Thursday, June 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Amazon.com in a report on Wednesday, April 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 target price on shares of Amazon.com in a report on Wednesday, April 19th. Finally, Sanford C. Bernstein upped their target price on shares of Amazon.com from $125.00 to $140.00 in a report on Wednesday, May 31st. Three research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.41.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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