Salvus Wealth Management LLC Acquires 8,858 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Salvus Wealth Management LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2,400.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 9,227 shares of the e-commerce giant’s stock after acquiring an additional 8,858 shares during the quarter. Salvus Wealth Management LLC’s holdings in Amazon.com were worth $980,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMZN. Gibson Wealth Advisors LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $33,000. MBM Wealth Consultants LLC lifted its holdings in shares of Amazon.com by 57.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after acquiring an additional 4 shares during the last quarter. Swaine & Leidel Wealth Services LLC bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $38,000. William Allan LLC bought a new stake in Amazon.com during the 4th quarter valued at $47,000. Finally, Cardinal Capital Management Inc. bought a new stake in Amazon.com during the 1st quarter valued at $49,000. 57.15% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $122.19 on Wednesday. Amazon.com, Inc. has a one year low of $101.26 and a one year high of $188.11. The company’s 50-day moving average is $129.77 and its 200 day moving average is $130.45. The company has a market capitalization of $1.24 trillion, a price-to-earnings ratio of 109.54, a price-to-earnings-growth ratio of 5.51 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The firm had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. During the same period last year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 0.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AMZN shares. Stifel Nicolaus lowered their price target on shares of Amazon.com from $190.00 to $185.00 in a report on Friday, July 15th. Oppenheimer lowered their price target on shares of Amazon.com from $175.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, July 25th. JPMorgan Chase & Co. lowered their price target on shares of Amazon.com from $200.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, June 29th. Telsey Advisory Group upped their price target on shares of Amazon.com from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Amazon.com from $174.00 to $155.00 in a report on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $176.61.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 520 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the sale, the chief executive officer now owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,480 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $134.23, for a total transaction of $467,120.40. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $16,078,069.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,628 shares of company stock valued at $9,802,599. 12.70% of the stock is owned by insiders.

About Amazon.com

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

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

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