Mosley Wealth Management Purchases 1,076 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mosley Wealth Management boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 35.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,131 shares of the e-commerce giant’s stock after acquiring an additional 1,076 shares during the period. Mosley Wealth Management’s holdings in Amazon.com were worth $745,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Amazon.com by 8.3% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,376,685 shares of the e-commerce giant’s stock valued at $429,244,000 after buying an additional 258,195 shares during the period. Agur Provident & Training Funds Management Ltd. bought a new stake in shares of Amazon.com during the third quarter valued at about $3,769,000. Checchi Capital Advisers LLC increased its position in shares of Amazon.com by 7.4% during the third quarter. Checchi Capital Advisers LLC now owns 73,675 shares of the e-commerce giant’s stock valued at $9,366,000 after buying an additional 5,052 shares during the period. Kesler Norman & Wride LLC increased its position in shares of Amazon.com by 25.9% during the third quarter. Kesler Norman & Wride LLC now owns 6,096 shares of the e-commerce giant’s stock valued at $775,000 after buying an additional 1,255 shares during the period. Finally, Concorde Asset Management LLC increased its position in shares of Amazon.com by 1.7% during the third quarter. Concorde Asset Management LLC now owns 8,570 shares of the e-commerce giant’s stock valued at $1,089,000 after buying an additional 141 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In related 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 transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related 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 transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the transaction, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The disclosure for this sale can be found here. Insiders have sold a total of 66,548 shares of company stock valued at $12,180,239 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Monness Crespi & Hardt upped their price target on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Robert W. Baird upped their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Piper Sandler upped their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Mizuho upped their price objective 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. Finally, Loop Capital upped their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $215.86.

Amazon.com Trading Up 2.0 %

Shares of NASDAQ:AMZN opened at $197.20 on Tuesday. The stock has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 55.24, a PEG ratio of 1.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock’s 50-day simple moving average is $183.87 and its two-hundred day simple moving average is $173.28. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $199.84.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share 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 for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the previous year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

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.