Cascade Wealth Advisors Inc. has a position in Amazon.com, Inc. (NASDAQ:AMZN)

Cascade Wealth Advisors Inc bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) in the first quarter, according to the company’s latest filing with the Securities and Exchange Commission. The institutional investor bought 1,790 shares of the e-commerce giant worth about $333,000.

Several other major investors also recently changed their positions in the business. ShoreHaven Wealth Partners LLC increased its stake in Amazon.com by 1.9% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after acquiring an additional 60 shares in the last quarter. O Dell Group LLC increased its holdings in Amazon.com by 0.5% in the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after acquiring an additional 61 shares in the last quarter. Measured Wealth Private Client Group LLC increased its holdings in Amazon.com by 2.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after purchasing an additional 62 shares in the last quarter. Ballew Advisors Inc increased its holdings in Amazon.com by 1.5% in the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $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% in the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Changes in analyst ratings

Several equity research analysts have recently commented on AMZN shares. JMP Securities reiterated a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1. UBS Group raised their price target on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, May 1. Rosenblatt Securities reissued a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research report on Wednesday, May 1. Citigroup raised their price target on shares of Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 1. Finally, Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research report on Wednesday, May 1. One research analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has issued a “strong buy” rating for the company. According to MarketBeat.com, Amazon.com currently has an average rating of “buy” and a consensus price target of $215.86.

Check out our latest research report on AMZN

Buying and selling confidential information

In related 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 legal documents filed with the Securities & Exchange Commission, which are available on the SEC’s website. In other Amazon.com 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 $21,726,894.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink . Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, June 3. The shares were sold at an average price of $177.29, for a total of $620,515.00. Following the sale, the CEO now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. Disclosure of this sale can be found here . In the last quarter, insiders sold 61,838 shares of the company’s stock, valued at $11,261,789. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $193.25 on Monday. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.01 trillion, a P/E ratio of 54.13, a PEG ratio of 1.38 and a beta of 1.14. The stock’s 50 day moving average price is $183.87, and a 200 day moving average of $173.28. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $199.84.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly 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. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue increased 12.5% ​​year-over-year. In the same quarter last year, the company posted $0.31 earnings per share. Equity analysts, on average, predict that Amazon.com, Inc. will post earnings of 4.72 per share for the current year.

About Amazon.com

(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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