Amazon.com, Inc. (NASDAQ:AMZN) Shares purchased by Watershed Private Wealth LLC

Watershed Private Wealth LLC increased its holdings in Amazon.com, Inc. shares, according to its latest filing with the Securities and Exchange Commission. (NASDAQ:AMZN – Free Report) up 3.3% in the fourth quarter. The fund owned 14,293 shares of the e-commerce giant after purchasing an additional 456 shares during the period. Amazon.com represents approximately 1.2% of Watershed Private Wealth LLC’s investment portfolio, making it the 28th largest company. At the end of the last reporting period, the value of Watershed Private Wealth LLC’s shares in Amazon.com was USD 2,172,000.

Several other hedge funds have also recently adjusted their holdings in the stock. Lebenthal Global Advisors LLC increased its position in shares of Amazon.com by 71.4% during the 4th quarter. Lebenthal Global Advisors LLC now owns 9,917 shares of the e-commerce giant’s stock valued at $1,507,000 after purchasing an additional 4,130 shares in the last quarter. In the fourth quarter, American Planning Services Inc. increased its position in Amazon.com shares by 49.0%. American Planning Services Inc. now owns 3,398 shares of the e-commerce giant’s stock worth $516,000 after purchasing an additional 1,118 shares in the last quarter. In the fourth quarter, Schaper Benz & Wise Investment Counsel Inc. WI increased its position in Amazon.com shares by 0.9%. Schaper Benz & Wise Investment Counsel Inc. WI now owns 50,523 shares of the e-commerce giant’s stock valued at $7,676,000 after purchasing an additional 463 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Amazon.com by 0.3% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 1,145,946 shares of the e-commerce giant’s stock valued at $174,115,000 after acquiring an additional 3,563 shares in the last quarter. Finally, Iams Wealth Management LLC increased its holdings in Amazon.com by 67.7% during the 4th quarter. Iams Wealth Management LLC now owns 3,212 shares of the e-commerce giant’s stock valued at $488,000 after acquiring an additional 1,297 shares in the last quarter. Institutional investors and hedge funds hold 72.20% of the company’s shares.

Confidential activity on Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction 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 completion of 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 Securities and Exchange Commission, available at this hyperlink. In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated 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 sale was disclosed in a filing with the Securities and Exchange Commission, available at this link. President Adam Selipsky also sold 500 shares of the company in a transaction on Thursday, March 21. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the completion of the sale, the CEO now directly owns 132,600 shares of the company’s stock valued at $23,868,000. The announcement of this sale can be found here. Over the last ninety days, insiders have sold a total of 117,894 shares of company stock worth $21,363,909. Insiders own 10.80% of the company’s shares.

Amazon.com pricing performance

On Friday, Amazon.com shares closed at $176.44. Amazon.com, Inc. it has a 12 month low of $118.35 and a 12 month high of $191.70. The company has a market capitalization of $1.84 trillion, a P/E ratio of 49.42, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27. The company has a fifty-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 announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported earnings per share of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analyst expectations of $142.65 billion. During the same period last year, the company earned $0.31 per share. Amazon.com’s quarterly revenue increased 12.5% compared to the same quarter last year. Stock analysts expect Amazon.com, Inc. will see 4.72 EPS for the current financial year.

Wall Street analysts predict growth

Many analysts commented on the stock. Citigroup raised their target price on shares of Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, May 1. Needham & Company LLC maintained a “buy” rating and set a price target for Amazon.com shares at $205.00 in a report on Wednesday, May 15. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Sanford C. Bernstein increased their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, TD Cowen increased their price target on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One equity research analyst rated the company’s shares with a hold recommendation, forty-four issued a buy recommendation, and one issued a strong buy recommendation. According to MarketBeat, Amazon.com currently has an average rating of “Buy” and a price target of $212.40.

View our latest stock report on AMZN

About Amazon.com

(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.

Confidential activity on Amazon.com

Amazon.com pricing performance

Wall Street analysts predict growth

About Amazon.com

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