Aberdeen Wealth Management LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Aberdeen Wealth Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 257 shares of the e-commerce giant’s stock after buying an additional 13 shares during the period. Aberdeen Wealth Management LLC’s holdings in Amazon.com were worth $501,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Danda Trouve Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $28,000. Deane Retirement Strategies Inc. increased its stake in shares of Amazon.com by 142.9% during the first quarter. Deane Retirement Strategies Inc. now owns 17 shares of the e-commerce giant’s stock worth $33,000 after acquiring an additional 10 shares during the period. Your Advocates Ltd. LLP acquired a new position in shares of Amazon.com during the first quarter worth about $37,000. ERTS Wealth Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $35,000. Finally, Capital Wealth Alliance LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $58,000. 64.58% of the stock is owned by institutional investors and hedge funds.

Shares of AMZN opened at $2,401.10 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08. The company has a market capitalization of $1,202.24 billion, a price-to-earnings ratio of 114.72, a PEG ratio of 5.09 and a beta of 1.34. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $2,525.45. The company’s 50 day simple moving average is $2,339.09 and its 200 day simple moving average is $1,993.99.

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

A number of research analysts have recently issued reports on AMZN shares. Edward Jones upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Credit Suisse Group lowered their target price on shares of Amazon.com from $2,800.00 to $2,760.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. UBS Group upped their target price on shares of Amazon.com from $2,440.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. SunTrust Banks upped their target price on shares of Amazon.com from $2,450.00 to $2,770.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, MKM Partners upped their target price on shares of Amazon.com from $2,500.00 to $2,525.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and forty-six have assigned a buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and a consensus price target of $2,538.89.

In other Amazon.com news, SVP David Zapolsky sold 352 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $2,300.19, for a total transaction of $809,666.88. Following the transaction, the senior vice president now owns 4,015 shares of the company’s stock, valued at $9,235,262.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Patricia Q. Stonesifer sold 2,200 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $2,329.44, for a total transaction of $5,124,768.00. Following the transaction, the director now directly owns 4,645 shares in the company, valued at approximately $10,820,248.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,497 shares of company stock worth $21,605,827. 16.10% of the stock is currently owned by insiders.

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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