Salvus Wealth Management LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Salvus Wealth Management LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) up 1.2% in the first quarter, according to the company’s most recent Form 13F filing with the Securities and Exchange Commission. The company owned 12,675 shares of the e-commerce giant’s stock after acquiring an additional 147 shares during the period. Amazon.com makes up 1.6% of Salvus Wealth Management LLC’s portfolio, making the stock its 19th largest position. Salvus Wealth Management LLC’s stock in Amazon.com was worth $2,286,000 at the end of the last quarter.

Other institutional investors have also recently added to or reduced their holdings in the company. 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 acquiring an additional 819 shares during the period. Members Trust Co increased its holding in Amazon.com shares 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 in the last quarter. Cherrydale Wealth Management LLC increased its holding in Amazon.com shares 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 in the last quarter. Tompkins Financial Corp increased its holdings in shares of 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 in the last quarter. Finally, in the third quarter, Nicholas Company Inc. increased its holdings in shares of Amazon.com by 3.9%. 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 in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Amazon.com shares opened Friday at $197.85. The stock has a market capitalization of $2.06 trillion, a P/E ratio of 55.42, a price/earnings-growth ratio of 1.33 and a beta of 1.14. The company has a 50-day simple moving average of $183.13 and a 200-day simple moving average of $172.43. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. it has a 12-month low of $118.35 and a 12-month high of $199.84.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, $0.15 above the consensus estimate of $0.83. The company had revenue of $143.31 billion for the quarter, compared to analyst expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com revenues increased 12.5% ​​compared to the same quarter last year. During the same quarter last year, the company reported earnings per share of $0.31. Sell-side analysts predict that Amazon.com, Inc. will post an average of 4.72 EPS in the current fiscal year.

Amazon.com Confidential Transactions

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, bringing the total value to $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 legal documents filed with the SEC, which can be accessed through this link. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, bringing the total transaction value to $92,000.00. Following the completion of the sale, the CEO now directly owns 131,600 shares of the company’s stock valued at $24,214,400. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, bringing the total value to $632,555.00. Following the sale, the CEO now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. Disclosure for this sale can be found here. Insiders sold a total of 65,338 shares of the company’s stock worth $11,894,344 over the last quarter. Company insiders own 10.80% of the company’s shares.

Wall Street analysts predict growth

Many research analysts have commented on the company. 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 note on Wednesday, May 1st. Maxim Group lowered their target price on Amazon.com from $318.00 to $238.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Rosenblatt Securities maintained a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Barclays increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. One equity research analyst rated the stock with a hold rating, forty-three issued a buy rating and one gave a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $215.74.

Read our latest research report on AMZN

About Amazon.com

(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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