Amazon.com, Inc. Holding (NASDAQ:AMZN) boosted by Royal Capital Wealth Management LLC

Royal Capital Wealth Management LLC increased its stake in Amazon.com, Inc., according to its latest Form 13F filing with the Securities and Exchange Commission. (NASDAQ:AMZN – Free Report) up 41.4% in the fourth quarter. An institutional investor owned 18,110 shares of the e-commerce giant after purchasing an additional 5,300 shares during the period. Amazon.com accounts for 2.4% of Royal Capital Wealth Management LLC’s portfolio, making it the 11th largest company. At the end of the last quarter, Royal Capital Wealth Management LLC’s stock in Amazon.com was worth $2,752,000.

Several other hedge funds and other institutional investors also modified their holdings in AMZN. Members Trust Co increased its holdings in Amazon.com by 8.9% in the fourth quarter. Members Trust Co, after purchasing an additional 341 shares during the period, now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000. Cherrydale Wealth Management LLC increased its holdings in shares of Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp increased its position in shares of Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after acquiring an additional 2,273 shares in the last quarter. Nicholas Company Inc. increased its holdings in Amazon.com shares by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after acquiring an additional 26,465 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after acquiring an additional 277,631 shares in the last quarter. Institutional investors and hedge funds hold 72.20% of the company’s shares.

Wall Street analysts predict growth

A number of brokerage houses commented on AMZN. Stifel Nicolaus increased their price target on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Maxim Group lowered their target price on shares of Amazon.com from $318.00 to $238.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Tigress Financial raised their target price on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday. Roth Mkm maintained a “buy” rating on the stock and set a price target of $210.00 (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Wedbush reissued an outperform rating and set a $225.00 price target for shares of Amazon.com in a research note on Wednesday, May 1st. One equity research analyst rated the company’s shares with a hold recommendation, forty-four issued a buy recommendation, and one gave a strong buy recommendation. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $212.40.

See our latest stock analysis on AMZN

Insider buying and selling on Amazon.com

In other news, CEO Andrew R. Jassy sold 50,000 shares of the company’s 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 completion of the sale, the CEO now directly owns 1,994,182 shares of the company’s stock valued at $358,952,760. The sale was disclosed in a filing with the SEC, available at this link. In other news, Director Jonathan Rubinstein sold 5,556 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of USD 180.00, for a total transaction amount of USD 1,000,080.00. Following the sale, the director now directly owns 109,664 shares of the company’s stock valued at $19,739,520. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction amount of $9,000,000.00. Following the completion of the transaction, the CEO now owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The announcement of this sale can be found here. In the last quarter, insiders sold 117,894 shares of company stock worth $21,363,909. Currently, insiders own 10.80% of the shares.

Amazon.com sales decreased by 1.6%

Amazon.com stock opened Friday at $176.44. The company’s stock market capitalization is $1.84 trillion, its P/E ratio is 49.42, its price-to-earnings-growth ratio is 1.30, and its beta is 1.15. Amazon.com, Inc. it has a 12 month low of $118.35 and a 12 month high of $191.70. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a 50-day simple moving average of $182.34 and a 200-day simple moving average of $167.37.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, which was $0.15 ahead of the consensus estimate of $0.83. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenues increased by 12.5% ​​year-on-year. During the same quarter last year, the company reported earnings per share of $0.31. Analysts expect Amazon.com, Inc. will see 4.72 earnings per share for the current fiscal year.

Amazon.com profile

(free report)

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.

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