Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Beaird Harris Wealth Management LLC

Beaird Harris Wealth Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,898 shares of the e-commerce giant’s stock after purchasing an additional 509 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Amazon.com were worth $592,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Counterweight Ventures LLC acquired a new stake in Amazon.com during the fourth quarter worth $3,431,000. ARQ Wealth Advisors LLC acquired a new stake in Amazon.com during the fourth quarter worth $247,000. Syon Capital LLC increased its stake in Amazon.com by 33.0% during the fourth quarter. Syon Capital LLC now owns 40,648 shares of the e-commerce giant’s stock worth $6,176,000 after acquiring an additional 10,085 shares during the last quarter. Great Oak Capital Partners LLC acquired a new stake in Amazon.com during the fourth quarter worth $546,000. Finally, Centaurus Financial Inc. increased its stake in Amazon.com by 7.3% during the fourth quarter. Centaurus Financial Inc. now owns 78,271 shares of the e-commerce giant’s stock worth $11,892,000 after acquiring an additional 5,330 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.1 %

AMZN stock traded down $0.17 during trading on Friday, reaching $183.66. 25,456,410 shares of the stock traded hands, compared to its average volume of 31,943,300. The business’s 50 day moving average price is $182.92 and its 200-day moving average price is $170.19. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week 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 firm has a market capitalization of $1.91 trillion, a PE ratio of 51.45, a P/E/G ratio of 1.32 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. 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 return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the previous year, the business earned $0.31 earnings per share. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,838 shares of company stock valued at $11,984,344. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Mizuho raised their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Truist Financial lifted their price objective on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Loop Capital lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Moffett Nathanson reaffirmed a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $213.82.

Amazon.com Profile

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.