Rezny Wealth Management Inc. Takes $1.24 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Rezny Wealth Management Inc. acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) in the 1st quarter, according to the latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,859 shares of the e-commerce giant, valued at approximately $1,237,000. Amazon.com makes up 0.4% of Rezny Wealth Management Inc.’s portfolio, making the stock the 16th largest position.

Several other institutional investors and hedge funds also changed their positions in AMZN. Collective Family Office LLC increased its position in Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares during the period. Members Trust Co increased its position in Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares during the period. Cherrydale Wealth Management LLC increased its position in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp. raised its position in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp. now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares during the period. Finally, Nicholas Company Inc. raised its position in Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after purchasing an additional 26,465 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst ratings upgrades and downgrades

Several research firms have recently commented on AMZN. Tigress Financial raised their price target on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, May 30. BMO Capital Markets raised their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1. Morgan Stanley raised their price target on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. Roth Mkm reaffirmed a “buy” rating and issued a $210.00 price target (up from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1. Finally, Moffett Nathanson reaffirmed a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a research note on Thursday, April 11. One investment analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has given a “strong buy” rating to the stock. The stock currently has a consensus rating of “buy” and an average price target of $215.86, based on data from MarketBeat.

Get our latest stock report on Amazon.com

Amazon.com revenue falls 2.3%

AMZN shares opened Friday at $193.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. lowest stock value during the year it is $118.35 and the highest is $199.84. The stock has a 50-day moving average of $183.87 and a 200-day moving average of $173.11. The company has a market capitalization of $2.01 trillion, a P/E ratio of 54.13, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ estimates of $142.65 billion. During the same quarter a year ago, the company reported $0.31 EPS. The company’s quarterly revenue increased 12.5% ​​year-over-year. The research analysts as a group expect Amazon.com, Inc. to post 4.72 EPS for the current year.

Insiders place their bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, April 1. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the sale, the CEO now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The sale was disclosed in a legal filing with the Securities and Exchange Commission, available at this link . In other news, on Tuesday, May 21, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the sale, the CEO now owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The sale was disclosed in a legal filing with the Securities and Exchange Commission, available at this link . Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock on Monday, April 1. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the sale, the CEO now directly owns 512,858 shares of the company’s stock, valued at $92,688,826.34. An announcement regarding the sale can be found here . In the last quarter, insiders sold 65,338 shares of the company’s stock, valued at $11,894,344. 10.80% of the stock is owned by company insiders.

Amazon.com Company Profile

(free report)

Amazon.com, Inc. is a retailer of consumer products, advertising, and subscription services through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero televisions; and develops and produces media content.

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