WealthCare Investment Partners LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

WealthCare Investment Partners LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% in the first quarter, according to the company’s latest SEC filing. The company now owns 3,472 shares of the e-commerce giant after purchasing an additional 366 shares during the quarter. WealthCare Investment Partners LLC’s stake in Amazon.com was worth $626,000, according to the company’s latest SEC filing.

Several other institutional investors also bought and sold shares recently. Norges Bank acquired a new position in Amazon.com in the fourth quarter worth approximately $17,700,551,000. Vanguard Group Inc. increased its position in Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC increased its position in Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after purchasing an additional 23,717,254 shares in the last quarter. FMR LLC increased its position in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Finally, Global Assets Advisory LLC increased its position in Amazon.com by 30,350.2% in the first quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock worth $1,178,164,000 after purchasing an additional 6,510,119 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

AMZN stock opened at $197.20 on Tuesday. The company has a 50-day moving average price of $183.87 and a 200-day moving average price of $173.28. The company has a market capitalization of $2.05 trillion, a P/E ratio of 55.24, a P/E ratio of 1.38 and a beta of 1.15. 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. has a 52-week low of $118.35 and a 52-week high of $199.84.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company reported earnings per share of $0.31. Amazon.com’s revenue increased 12.5% ​​compared to the same quarter last year. Sell-side analysts are predicting that Amazon.com, Inc. will report earnings per share of $4.72 for the current fiscal year.

Insider Buying and Selling on Amazon.com

In other Amazon.com news, 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 value of $90,690.00. Following the completion of the sale, the CEO now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . In other Amazon.com 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 value of $489,753.00. Following the completion of the sale, the VP now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in legal documents filed with the Securities and Exchange Commission, which can be found at this link . 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 value of $90,690.00. Following the sale, the CEO now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. Disclosure of this sale can be found here . Over the last three months, insiders have sold 66,548 shares of the company’s stock, valued at $12,180,239. Insiders own 10.80% of the outstanding stock.

Analysts set new price targets

Several research firms have recently commented on AMZN. Wells Fargo & Company raised their price target on shares of Amazon.com from $234.00 to $239.00 and gave the stock an “overweight” rating in a research report on Friday. Evercore ISI raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1. Roth Mkm reissued a “buy” rating and set a $210.00 price target (up from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1. 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. Finally, Moffett Nathanson reissued a “buy” rating and set a $228.00 price target on shares of Amazon.com in a research report on Thursday, April 11. One research analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has given the company a “strong buy” rating. The stock currently has a consensus rating of “buy” and an average price target of $215.86, based on data from MarketBeat.com.

Check out our latest report 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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