Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Increased by GDS Wealth Management

GDS Wealth Management raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,426 shares of the e-commerce giant’s stock after acquiring an additional 4,707 shares during the period. Amazon.com makes up approximately 2.4% of GDS Wealth Management’s holdings, making the stock its 8th biggest holding. GDS Wealth Management’s holdings in Amazon.com were worth $20,279,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Members Trust Co lifted its position in Amazon.com 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 buying an additional 341 shares during the last quarter. Cherrydale Wealth Management LLC lifted its position 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 buying an additional 675 shares during the last quarter. Tompkins Financial Corp lifted 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 buying an additional 2,273 shares during the last quarter. Nicholas Company Inc. lifted its position in Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after buying an additional 26,465 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position 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 buying an additional 277,631 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Amazon.com Stock Performance

Amazon.com stock traded down $0.30 during mid-day trading on Friday, hitting $180.75. The company had a trading volume of 27,471,640 shares, compared to its average volume of 45,370,076. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12-month low of $114.31 and a 12-month high of $191.70. The company’s fifty day moving average is $182.04 and its 200-day moving average is $166.22. The company has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 50.63, a P/E/G ratio of 1.30 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter in the prior year, the firm posted $0.31 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMZN shares. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Evercore ISI boosted their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Maxim Group lowered their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Wells Fargo & Company boosted their target price on shares of Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Moffett Nathanson reissued a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $211.62.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.