Beverly Hills Private Wealth LLC Has $5.74 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Beverly Hills Private Wealth LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,762 shares of the e-commerce giant’s stock after acquiring an additional 2,062 shares during the period. Amazon.com makes up 1.5% of Beverly Hills Private Wealth LLC’s portfolio, making the stock its 8th largest holding. Beverly Hills Private Wealth LLC’s holdings in Amazon.com were worth $5,738,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Howard Capital Management Inc. increased its stake in Amazon.com by 3.9% in the 4th quarter. Howard Capital Management Inc. now owns 31,129 shares of the e-commerce giant’s stock worth $4,730,000 after acquiring an additional 1,171 shares during the last quarter. Carnegie Capital Asset Management LLC grew its holdings in shares of Amazon.com by 0.7% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 422,633 shares of the e-commerce giant’s stock valued at $64,215,000 after purchasing an additional 3,114 shares in the last quarter. Root Financial Partners LLC increased its position in Amazon.com by 74.8% in the fourth quarter. Root Financial Partners LLC now owns 4,626 shares of the e-commerce giant’s stock worth $703,000 after purchasing an additional 1,980 shares during the last quarter. Sumitomo Life Insurance Co. raised its stake in Amazon.com by 22.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 137,556 shares of the e-commerce giant’s stock valued at $20,900,000 after purchasing an additional 24,774 shares in the last quarter. Finally, Lecap Asset Management Ltd. bought a new position in Amazon.com during the fourth quarter valued at $1,386,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.8 %

NASDAQ AMZN opened at $186.21 on Friday. Amazon.com, Inc. has a 52 week low of $103.31 and a 52 week high of $189.77. The company has a 50 day moving average price of $178.79 and a 200 day moving average price of $159.95. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.93 trillion, a PE ratio of 52.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group upped their price objective on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday. Moffett Nathanson reiterated a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. Argus increased their price target on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday. Finally, UBS Group lifted their price objective on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus target price of $211.07.

Insider Buying and Selling at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were 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 in the company, valued at $23,868,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jeffrey P. Bezos sold 2,009,208 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the sale, the insider now directly owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value 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 $23,868,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,217,010 shares of company stock worth $5,506,442,301. Company insiders own 10.80% of the company’s stock.

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.