Darwin Wealth Management LLC increases stake in Amazon.com, Inc. (NASDAQ:AMZN)

Darwin Wealth Management LLC has strengthened its position in Amazon.com, Inc., according to its latest Form 13F filing with the Securities and Exchange Commission (SEC). (NASDAQ:AMZN) up 14.1% in the fourth quarter. The institutional investor owned 41,742 shares of the e-commerce giant after purchasing an additional 5,152 shares during the quarter. Amazon.com makes up about 1.7% of Darwin Wealth Management LLC’s portfolio, making it the 18th largest company. At the end of the last quarter, Darwin Wealth Management LLC’s stock in Amazon.com was worth $6,342,000.

Several other hedge funds and other institutional investors also bought and sold shares of the company. ShoreHaven Wealth Partners LLC increased its position in shares of 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. Measured Wealth Private Client Group LLC increased its position in shares of Amazon.com by 2.5% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after purchasing an additional 62 shares in the last quarter. Socha Financial Group LLC increased its position in shares of Amazon.com by 3.3% in the 4th quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares in the last quarter. Lake Hills Wealth Management LLC increased its position in shares of Amazon.com by 0.8% in the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after purchasing an additional 65 shares in the last quarter. Finally, Veery Capital LLC raised its position in shares of Amazon.com by 1.1% during the 4th quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors hold 72.20% of the company’s shares.

Changes in analyst ratings

Several stock analysts have recently published reports on the company. Mizuho increased their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. On Wednesday, May 1, Rosenblatt Securities reissued a “buy” rating and set a $220.00 price target on shares of Amazon.com. JPMorgan Chase & Co. raised their price target on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group increased their target price on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Wolfe Research raised their price target on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the stock. Amazon.com has an average rating of “Buy” and an average price target of $211.62, according to MarketBeat.com.

Download our latest research report on Amazon.com

Insider activity on Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the CEO now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the CEO now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. Additionally, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value 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 announcement of this sale can be found here. In the last quarter, insiders sold a total of 117,894 shares of company stock worth $21,363,909. 10.80% of the shares are owned by corporate insiders.

Amazon.com sales decreased by 0.1%

AMZN shares opened at $182.02 on Thursday. Amazon.com, Inc. it has a 1-year low of $118.35 and a 1-year high of $191.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a 50-day simple moving average of $182.37 and a two-hundred-day simple moving average of $167.05. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 50.99, a PEG ratio of 1.29 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, which topped 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’s revenue for the quarter was $143.31 billion, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the company earned $0.31 EPS. The company’s revenues increased by 12.5% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will report 4.72 EPS for the current financial year.

About Amazon.com

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Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. 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; and develops and produces media content.

Changes in analyst ratings

Insider activity on Amazon.com

Amazon.com sales decreased by 0.1%

About Amazon.com

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