Weaver Consulting Group has $2.43 million in Amazon.com, Inc. (NASDAQ:AMZN) shares

Weaver Consulting Group reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.0% in the first quarter, according to its latest filing with the Securities & Exchange Commission. The company owned 13,483 shares of the e-commerce giant after selling 142 shares during the quarter. Amazon.com makes up about 0.9% of Weaver Consulting Group’s investment portfolio, making it the 29th-largest stock. Weaver Consulting Group’s stake in Amazon.com was worth $2,432,000, according to its latest filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also modified their holdings in AMZN. Independence Bank of Kentucky increased its position in Amazon.com by 9.9% in the first quarter. Independence Bank of Kentucky now owns 48,736 shares of the e-commerce giant’s stock worth $8,791,000 after acquiring an additional 4,405 shares during the period. Fidelity D & D Bancorp Inc. increased its position in Amazon.com by 38.3% in the first quarter. Fidelity D & D Bancorp Inc. now owns 2,649 shares of the e-commerce giant’s stock worth $478,000 after acquiring an additional 733 shares during the period. Norris Perne & French LLP MI increased its position in Amazon.com by 13.0% in the first quarter. Norris Perne & French LLP MI now owns 201,924 shares of the e-commerce giant’s stock worth $36,423,000 after acquiring an additional 23,197 shares during the period. Webster Bank NA increased its position in Amazon.com by 0.6% in the first quarter. Webster Bank NA now owns 124,536 shares of the e-commerce giant’s stock worth $22,464,000 after acquiring an additional 700 shares during the period. Finally, Astoria Portfolio Advisors LLC. increased its position in Amazon.com by 8.5% in the first quarter. Astoria Portfolio Advisors LLC. now owns 10,897 shares of the e-commerce giant’s stock worth $2,001,000 after acquiring an additional 852 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts set new price targets

Several brokerages have commented on AMZN. Wedbush reiterated an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1. Moffett Nathanson reiterated a “buy” rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11. Raymond James raised their price target for Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1. Oppenheimer raised their price target for Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1. Finally, Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a report on Wednesday, May 1. One investment analyst has rated the stock a “hold”, forty-three have given a “buy” rating, and one has given a “strong buy” rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “buy” and a consensus price target of $215.86.

Read our latest stock report on Amazon.com

Insiders are betting

In other Amazon.com news, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now 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 SEC, which are available on the SEC’s website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, July 1. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the CEO now owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The transaction was disclosed in legal documents filed with the SEC, which are available on the SEC’s website. Additionally, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total 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. Disclosure of this sale can be found here. Over the last quarter, insiders sold 69,548 shares of the company’s stock valued at $12,774,204. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

AMZN stock opened at $197.59 on Friday. The stock’s 50 day simple moving average is $185.10, and its 200-day simple moving average is $174.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07, and a quick ratio of 0.87. The company has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 55.35, a P/E/G ratio of 1.43 and a beta of 1.15. Amazon.com, Inc. has a one-year low of $118.35 and a one-year high of $200.43.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data 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’ estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue increased 12.5% year-over-year. During the same quarter last year, the company earned $0.31 earnings per share. Analysts, on average, expect Amazon.com, Inc. to report earnings of 4.72 per share for the current fiscal 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.

Analysts set new price targets

Insiders are betting

Amazon.com Price Performance

About Amazon.com

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