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

According to the latest filing with the Securities and Exchange Commission, Chemistry Wealth Management LLC increased its holdings in Amazon.com, Inc. shares. (NASDAQ:AMZN – Free Report) up 3.8% in the first quarter. The institutional investor owned 44,061 shares of the e-commerce giant after acquiring an additional 1,608 shares during the quarter. Amazon.com accounts for approximately 2.1% of Chemistry Wealth Management LLC’s portfolio, making it the 10th largest company. Chemistry Wealth Management LLC’s stake in Amazon.com was worth $7,948,000, according to its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also bought and sold AMZN shares. Collective Family Office LLC increased its holdings in Amazon.com shares 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 in the last quarter. Members Trust Co increased its holdings 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 holdings 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, Nicholas Company Inc. increased its holdings 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 in the last quarter. Institutional investors own 72.20% of the company’s stock.

Changes in analyst ratings

Multiple equity analysts have recently issued reports on the company. Citigroup raised their price target on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. The Goldman Sachs Group raised their price target on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. Moffett Nathanson reiterated a “buy” rating and gave shares of Amazon.com a $228.00 price target in a research note on Thursday, April 11. Telsey Advisory Group raised their price target on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1. Finally, Robert W. Baird raised their price target on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21. One equity research analyst has rated the stock a hold, forty-three have given the stock a buy rating, and one has given a strong buy rating. Amazon.com currently has an average rating of “Buy” and a consensus price target of $215.86, based on data from MarketBeat.

Get our latest stock report on Amazon.com

Amazon.com drops 2.3%

AMZN opened at $193.25 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a current ratio of 0.87. The company’s 50-day simple moving average is $183.87 and its two-hundred-day simple moving average is $173.11. Amazon.com, Inc. it has an annual minimum of $118.35 and an annual maximum of $199.84. The company has a market capitalization of $2.01 trillion, a price-to-earnings 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 released its financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus of $0.83 by $0.15. 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 analysts’ estimates of $142.65 billion. During the same period last year, the company reported EPS of $0.31. The company’s revenue increased by 12.5% year-over-year. Analysts expect Amazon.com, Inc. to report 4.72 EPS for the current fiscal year.

Insiders are betting

In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction that occurred on Thursday, May 9. The shares were sold for an average price of $190.00, for a total value of $1,000,160.00. Following the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, Vice President Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21. The shares were sold for an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link . Additionally, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction value of $1,000,160.00. Following the sale, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. Disclosure of this sale can be found here . Insiders have sold 65,338 shares of the company’s stock valued at $11,894,344 over the last ninety days. Corporate insiders currently own 10.80% of the stock.

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.

Changes in analyst ratings

Amazon.com drops 2.3%

Insiders are betting

Amazon.com profile

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