Midwest Financial Group LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, HoldingsChannel.com reports. The firm purchased 4,098 shares of the e-commerce giant’s stock, valued at approximately $423,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Amazon.com in the fourth quarter worth about $27,000. St. James Investment Advisors LLC raised its stake in shares of Amazon.com by 97.7% in the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock worth $29,000 after purchasing an additional 170 shares during the last quarter. Retirement Financial Solutions LLC purchased a new position in shares of Amazon.com in the fourth quarter worth about $32,000. Laurel Wealth Planning LLC raised its stake in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in shares of Amazon.com in the fourth quarter worth about $37,000. 56.67% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total value of $63,135.00. Following the completion of the sale, the chief executive officer now directly owns 152,780 shares of the company’s stock, valued at $19,291,530.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Andrew R. Jassy sold 21,925 shares of Amazon.com stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.37, for a total value of $2,529,487.25. Following the completion of the sale, the chief executive officer now directly owns 1,997,681 shares of the company’s stock, valued at $230,472,456.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total value of $63,135.00. Following the completion of the sale, the chief executive officer now directly owns 152,780 shares of the company’s stock, valued at $19,291,530.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,845 shares of company stock valued at $8,536,085. 12.70% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Amazon.com Price Performance
NASDAQ:AMZN opened at $130.80 on Thursday. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $146.57. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.34 trillion, a P/E ratio of 311.43, a P/E/G ratio of 2.52 and a beta of 1.26. The stock’s fifty day moving average is $121.77 and its two-hundred day moving average is $105.95.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post 1.56 EPS for the current year.
Amazon.com 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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