Weaver Consulting Group Has $2.43 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Weaver Consulting Group decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,483 shares of the e-commerce giant’s stock after selling 142 shares during the quarter. Amazon.com accounts for about 0.9% of Weaver Consulting Group’s investment portfolio, making the stock its 29th largest holding. Weaver Consulting Group’s holdings in Amazon.com were worth $2,432,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Independence Bank of Kentucky boosted its position in Amazon.com by 9.9% during the 1st 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. boosted its position in Amazon.com by 38.3% during the 1st 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 boosted its position in Amazon.com by 13.0% during the 1st 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 N. A. boosted its position in Amazon.com by 0.6% during the 1st quarter. Webster Bank N. A. 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. boosted its position in Amazon.com by 8.5% during the 1st 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

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

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was 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 a legal filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value 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. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,548 shares of company stock valued at $12,774,204. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN stock opened at $197.59 on Friday. The stock’s fifty 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 firm has a market cap 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) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, 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 business’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

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.