Physician Wealth Solutions Inc. has a position in Amazon.com, Inc. (NASDAQ:AMZN)

Physician Wealth Solutions Inc. acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) in the first quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,286 shares of the e-commerce giant worth approximately $232,000.

Several other institutional investors and hedge funds also recently added to or reduced their holdings in the stock. Collective Family Office LLC increased its holdings in Amazon.com 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 stock 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 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 during the period. Tompkins Financial Corp. increased its position in 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, Nordea Investment Management AB increased its holdings in Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after purchasing an additional 277,631 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $194.49 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 lowest value of Amazon.com, Inc. in the last twelve months was $118.35, and a high of $201.20. The company’s 50-day moving average is $187.63, and its 200-day moving average is $176.49. The company has a market capitalization of $2.02 trillion, a P/E ratio of 54.48, a price-to-earnings-growth ratio of 1.39 and a beta of 1.15.

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 (EPS) for the quarter, topping the consensus estimate 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%. The company’s revenue was up 12.5% ​​compared to the same quarter last year. During the same quarter last year, the company reported $0.31 earnings per share. On average, sell-side analysts are forecasting that Amazon.com, Inc. will post 4.72 EPS for the current year.

Changes in analyst ratings

Several research firms have recently commented on AMZN. Needham & Company LLC reiterated a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a research note on Tuesday, July 9. Barclays raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, May 1. Roth Mkm reiterated a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research report on Tuesday, July 9. TD Cowen raised their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10. 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 has rated the stock a “hold,” forty-two have given it a “buy” rating, and one has given the stock a “strong buy” rating. Amazon.com currently has an average rating of “buy” and a consensus price target of $217.38, according to data from MarketBeat.com.

Check out our latest research report on Amazon.com

Internal activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the sale, the CEO now directly owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . In related 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 $23,688,228. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 1. The shares were sold for an average price of $180.29, for a total transaction value of $631,015.00. Following the sale, the CEO now directly owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. Disclosure of this sale can be found here. Insiders sold a total of 6,113,490 shares of the company’s stock valued at $1,222,340,738 during the last quarter. Insiders currently own 10.80% of the stock.

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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