Wetherby Asset Management Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.4% in the 1st quarter, Holdings Channel reports. The firm owned 9,144 shares of the e-commerce giant’s stock after buying an additional 782 shares during the quarter. Amazon.com accounts for 2.0% of Wetherby Asset Management Inc.’s holdings, making the stock its 7th largest position. Wetherby Asset Management Inc.’s holdings in Amazon.com were worth $17,828,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Mcdaniel Terry & Co. lifted its holdings in shares of Amazon.com by 0.3% during the 4th quarter. Mcdaniel Terry & Co. now owns 1,569 shares of the e-commerce giant’s stock worth $2,899,000 after acquiring an additional 5 shares during the last quarter. Beddow Capital Management Inc. lifted its holdings in shares of Amazon.com by 1.8% during the 4th quarter. Beddow Capital Management Inc. now owns 278 shares of the e-commerce giant’s stock worth $514,000 after acquiring an additional 5 shares during the last quarter. Trust Co. of Virginia VA lifted its holdings in shares of Amazon.com by 0.5% during the 4th quarter. Trust Co. of Virginia VA now owns 1,041 shares of the e-commerce giant’s stock worth $1,924,000 after acquiring an additional 5 shares during the last quarter. Elgethun Capital Management lifted its holdings in shares of Amazon.com by 1.1% during the 4th quarter. Elgethun Capital Management now owns 441 shares of the e-commerce giant’s stock worth $815,000 after acquiring an additional 5 shares during the last quarter. Finally, Magellan Asset Management Ltd lifted its holdings in shares of Amazon.com by 13.5% during the 4th quarter. Magellan Asset Management Ltd now owns 42 shares of the e-commerce giant’s stock worth $78,000 after acquiring an additional 5 shares during the last quarter. 55.68% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Andrew R. Jassy sold 6,945 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $2,256.50, for a total transaction of $15,671,392.50. Following the sale, the chief executive officer now owns 93,105 shares of the company’s stock, valued at $210,091,432.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Indra K. Nooyi acquired 100 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were acquired at an average cost of $1,930.41 per share, for a total transaction of $193,041.00. Following the purchase, the director now directly owns 352 shares of the company’s stock, valued at $679,504.32. The disclosure for this purchase can be found here. Insiders have sold 9,497 shares of company stock worth $21,605,827 in the last three months. 16.10% of the stock is currently owned by insiders.

Shares of NASDAQ AMZN opened at $2,436.88 on Friday. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $2,525.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84. The company’s 50-day moving average is $2,278.38 and its 200 day moving average is $1,975.00. The stock has a market capitalization of $1,220.38 billion, a P/E ratio of 116.43, a P/E/G ratio of 5.16 and a beta of 1.34.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, April 30th. The e-commerce giant reported $5.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.36 by ($1.35). Amazon.com had a net margin of 3.56% and a return on equity of 17.83%. The company had revenue of $75.45 billion for the quarter, compared to analysts’ expectations of $74.15 billion. During the same quarter in the prior year, the firm earned $7.09 EPS. Amazon.com’s quarterly revenue was up 26.4% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 19.75 earnings per share for the current year.

A number of research firms have recently issued reports on AMZN. Wells Fargo & Co reaffirmed a “buy” rating and set a $2,725.00 price objective on shares of Amazon.com in a report on Monday, April 27th. Oppenheimer lifted their target price on shares of Amazon.com from $2,400.00 to $2,700.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th. Tigress Financial reiterated a “buy” rating on shares of Amazon.com in a research report on Wednesday, April 8th. Barclays reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, April 16th. Finally, Wedbush lifted their target price on shares of Amazon.com from $2,325.00 to $2,750.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $2,538.89.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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