Centennial Wealth Advisory LLC Buys 832 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Centennial Wealth Advisory LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 21.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,659 shares of the e-commerce giant’s stock after buying an additional 832 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Amazon.com were worth $840,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AMZN. Ridgecrest Wealth Partners LLC increased its position in Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after acquiring an additional 56 shares during the period. Stordahl Capital Management Inc. increased its position in shares of Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after purchasing an additional 56 shares during the period. Echo45 Advisors LLC raised its stake in Amazon.com by 0.9% in the first quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock valued at $1,194,000 after purchasing an additional 59 shares in the last quarter. ShoreHaven Wealth Partners LLC lifted its position in Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares during the period. Finally, O Dell Group LLC grew its stake in Amazon.com by 0.5% during the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after buying an additional 61 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Bank of America upped their target price on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Susquehanna raised their target price on Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a report on Friday, February 2nd. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Amazon.com in a report on Wednesday, April 24th. Finally, Maxim Group assumed coverage on Amazon.com in a research note on Wednesday, April 17th. They issued a “buy” rating and a $218.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $205.13.

Amazon.com Trading Up 0.7 %

Shares of Amazon.com stock traded up $1.34 on Monday, hitting $180.96. 53,954,343 shares of the company’s stock traded hands, compared to its average volume of 42,970,363. The company has a fifty day moving average of $178.22 and a two-hundred day moving average of $159.32. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77. The company has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 62.40, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 4.11 earnings per share for the current year.

About Amazon.com

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.