GDS Wealth Management buys 4,803 shares of Amazon.com, Inc. (NASDAQ:AMZN)

According to the latest 13F filing with the Securities and Exchange Commission, GDS Wealth Management increased its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) up 4.7%. The company owned 107,719 shares of the e-commerce giant’s stock after acquiring an additional 4,803 shares during the quarter. Amazon.com comprises approximately 2.2% of GDS Wealth Management’s portfolio, making it the 11th largest company. GDS Wealth Management’s stake in Amazon.com was worth $16,367,000, according to its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also made changes to their positions at the company. ShoreHaven Wealth Partners LLC increased its position in shares of Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after acquiring an additional 60 shares in the last quarter. Measured Wealth Private Client Group LLC increased its position in shares of Amazon.com by 2.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after acquiring an additional 62 shares in the last quarter. Socha Financial Group LLC increased its stake 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 acquiring an additional 63 shares in the last quarter. Lake Hills Wealth Management LLC increased its position in shares of Amazon.com by 0.8% during the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after acquiring an additional 65 shares in the last quarter. Finally, Veery Capital LLC increased its position in shares of Amazon.com by 1.1% during the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock worth $895,000 after acquiring an additional 66 shares in the last quarter. 72.20% of the shares are currently owned by hedge funds and other institutional investors.

Amazon.com shares fell 0.1%

On Thursday, Amazon.com shares closed at $182.02. Amazon.com, Inc. it has a 1-year low of $118.35 and a 1-year high of $191.70. 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 value of $1.89 trillion, a PE ratio of 50.99, a P/E/G ratio of 1.29 and a beta ratio of 1.15. The stock’s fifty-day moving average is $182.37 and its two-hundred-day moving average is $167.05.

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, which topped the consensus estimate of $0.83 by $0.15. The company’s revenue for the quarter was $143.31 billion, compared to analyst 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 quarterly revenues increased by 12.5% ​​compared to the same quarter last year. During the same quarter last year, the company reported earnings per share of $0.31. Sell-side analysts expect Amazon.com, Inc. will post an average of 4.72 EPS in the current fiscal year.

Insiders place their bets

In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction amount of $9,000,000.00. Following the transaction, the CEO now owns 1,994,182 shares of the company’s stock valued at $358,952,760. The sale was disclosed in a filing with the SEC, available on the SEC’s website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the transaction, the CEO now owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a filing with the SEC, which can be accessed at this link. Additionally, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the transaction, the CEO now directly owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The announcement of this sale can be found here. Over the last 90 days, insiders have sold 117,894 shares of company stock worth $21,363,909. Currently, insiders own 10.80% of the shares.

Changes in analyst ratings

AMZN has been the subject of numerous reports from research analysts. JPMorgan Chase & Co. raised their price target on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Wells Fargo & Company upped their price target on Amazon.com from $217.00 to $234.00 and gave the company an outperform rating in a research report on Wednesday, May 1st. Rosenblatt Securities maintained a “buy” rating and set a price target for Amazon.com shares at $220.00 in a research report on Wednesday, May 1. Wolfe Research upped their price target on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Roth Mkm maintained a “buy” rating on shares of Amazon.com and set a $210.00 price target (up from $205.00) for shares of Amazon.com in a research report on Wednesday, May 1st. One analyst rated the company’s shares with a hold rating, forty-four rated the company’s shares with a buy rating, and one gave a strong buy rating to the company’s shares. Based on data from MarketBeat.com, Amazon.com’s average rating is currently “Buy” and its average price target is $211.62.

Read our latest research report on Amazon.com

Amazon.com company profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. 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 media content.

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