Future Financial Wealth Managment LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Future Financial Wealth Managment LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,605 shares of the e-commerce giant’s stock after buying an additional 554 shares during the period. Amazon.com makes up 1.1% of Future Financial Wealth Managment LLC’s portfolio, making the stock its 23rd biggest position. Future Financial Wealth Managment LLC’s holdings in Amazon.com were worth $1,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. ShoreHaven Wealth Partners LLC grew its stake in Amazon.com by 1.9% in the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after buying an additional 60 shares during the last quarter. O Dell Group LLC grew its stake in Amazon.com by 0.5% in the 4th quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock valued at $2,064,000 after buying an additional 61 shares during the last quarter. Measured Wealth Private Client Group LLC grew its stake in Amazon.com by 2.5% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after buying an additional 62 shares during the last quarter. Ballew Advisors Inc grew its position in shares of Amazon.com by 1.5% during the 1st quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after purchasing an additional 62 shares in the last quarter. Finally, Socha Financial Group LLC grew its position in shares of Amazon.com by 3.3% during the 4th quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 2.3 %

NASDAQ:AMZN opened at $193.25 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 54.13, a PEG ratio of 1.38 and a beta of 1.14. The firm has a fifty day simple moving average of $183.87 and a two-hundred day simple moving average of $173.28. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $199.84.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share. Analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares in the company, valued at $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares in the company, valued at $23,688,228. The disclosure for this sale can be found here. Insiders sold 61,838 shares of company stock worth $11,261,789 over the last three months. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMZN. Mizuho increased their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Argus increased their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Rosenblatt Securities restated a “buy” rating and set a $220.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Benchmark restated a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Bank of America increased their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $215.86.

Amazon.com Company 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.