Future Financial Wealth Management LLC increases its position in Amazon.com, Inc. (NASDAQ:AMZN)

Future Financial Wealth Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) up 7.9% in Q1, according to its latest Form 13F filed with the Securities and Exchange Commission (SEC). The company owned 7,605 shares of the e-commerce giant’s stock after purchasing an additional 554 shares during the period. Amazon.com makes up 1.1% of Future Financial Wealth Managment LLC’s portfolio, making the stock the 23rd largest holding. Future Financial Wealth Managment LLC’s stock in Amazon.com was worth $1,372,000, according to its most recent form filed with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings in the company. ShoreHaven Wealth Partners LLC increased its stake in Amazon.com by 1.9% in 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. About Dell Group LLC increased its stake in Amazon.com by 0.5% in the 4th quarter. About Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock valued at $2,064,000 after purchasing an additional 61 shares in the last quarter. Measured Wealth Private Client Group LLC increased its stake in Amazon.com by 2.5% in 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. Ballew Advisors Inc increased its position in shares of Amazon.com by 1.5% in the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock valued at $790,000 after purchasing an additional 62 shares in the last quarter. Finally, Socha Financial Group LLC increased its position in shares of Amazon.com by 3.3% during the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock valued at $303,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors hold 72.20% of the company’s shares.

Amazon.com revenue falls 2.3%

NASDAQ:AMZN opened at $193.25 on Monday. The company has a current ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 54.13, a PEG ratio of 1.38 and a beta of 1.14. The company has a 50-day simple moving average of $183.87 and a 200-day simple moving average of $173.28. 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 quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst expectations 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 over year. During the same period last year, the company earned $0.31 in earnings per share. Analysts expect Amazon.com, Inc. will report 4.72 EPS for the current fiscal year.

Internal activity

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total transaction value of $90,690.00. Following the completion of the transaction, the CEO now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed at this link . In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21. The shares were sold at an average price of $181.39, for a total transaction value of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total transaction amount of $90,690.00. Following the transaction, the CEO now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. An announcement regarding the sale can be found here. Over the last three months, insiders have sold 61,838 shares of the company’s stock, valued at $11,261,789. Insiders now own 10.80% of the outstanding shares.

Analysts set new price targets

Many brokerages have published reports on AMZN. Mizuho increased their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Argus increased their target price on shares of Amazon.com from $185.00 to $205.00 in a research report on Thursday, May 2nd and gave the stock a “buy” rating in a research report on Thursday, May 2nd. On Wednesday, May 1, Rosenblatt Securities maintained a “buy” rating and set a price target for Amazon.com stock at $220.00. Benchmark maintained a “buy” rating on the stock and set a $200.00 price target on shares of Amazon.com in a research report issued on Wednesday, May 1st. Finally, Bank of America increased their target price on shares of Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. One equities analyst has rated the company with a hold rating, forty-three have rated the company with a buy rating and one has given the company a strong buy rating. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $215.86.

See our latest analysis on Amazon.com

Amazon.com company profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service 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; and develops and produces multimedia content.

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