Venturi Wealth Management LLC Purchases 1,997 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Venturi Wealth Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,919 shares of the e-commerce giant’s stock after acquiring an additional 1,997 shares during the quarter. Venturi Wealth Management LLC’s holdings in Amazon.com were worth $6,369,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kavar Capital Partners Group LLC raised its stake in shares of Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after buying an additional 79 shares during the period. IFM Investors Pty Ltd raised its stake in shares of Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after buying an additional 13,060 shares during the period. Ironwood Wealth Management LLC. raised its stake in shares of Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after buying an additional 15 shares during the period. Markel Corp raised its stake in shares of Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after buying an additional 550 shares during the period. Finally, Leelyn Smith LLC raised its stake in shares of Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after buying an additional 540 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $181.28 on Thursday. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market capitalization of $1.89 trillion, a P/E ratio of 62.51, a P/E/G ratio of 1.60 and a beta of 1.16. The stock has a 50 day moving average price of $177.09 and a 200 day moving average price of $156.36.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same period last year, the company earned $0.21 EPS. Amazon.com’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the topic of several recent research reports. Truist Financial raised their price objective on Amazon.com from $195.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday. Roth Mkm reiterated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Tuesday. DA Davidson increased their target price on Amazon.com from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Mizuho increased their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, JMP Securities increased their target price on Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $202.80.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. In the last three months, insiders sold 32,213,510 shares of company stock valued at $5,505,798,456. Insiders own 12.70% of the company’s stock.

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.