Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Eclectic Associates Inc. ADV

Eclectic Associates Inc. ADV reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 9,439 shares of the e-commerce giant’s stock after selling 159 shares during the quarter. Eclectic Associates Inc. ADV’s holdings in Amazon.com were worth $1,796,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cypress Wealth Services LLC raised its holdings in shares of Amazon.com by 2.0% in the 1st quarter. Cypress Wealth Services LLC now owns 23,414 shares of the e-commerce giant’s stock worth $4,455,000 after purchasing an additional 468 shares during the period. Wealth Management Partners LLC raised its holdings in shares of Amazon.com by 0.4% in the 1st quarter. Wealth Management Partners LLC now owns 32,865 shares of the e-commerce giant’s stock worth $6,253,000 after purchasing an additional 139 shares during the period. LS Investment Advisors LLC raised its holdings in shares of Amazon.com by 54.5% in the 1st quarter. LS Investment Advisors LLC now owns 78,954 shares of the e-commerce giant’s stock worth $15,022,000 after purchasing an additional 27,852 shares during the period. Grassi Investment Management raised its holdings in shares of Amazon.com by 1.5% in the 1st quarter. Grassi Investment Management now owns 70,903 shares of the e-commerce giant’s stock worth $13,490,000 after purchasing an additional 1,028 shares during the period. Finally, Beacon Financial Group raised its holdings in shares of Amazon.com by 29.2% in the 1st quarter. Beacon Financial Group now owns 30,765 shares of the e-commerce giant’s stock worth $5,853,000 after purchasing an additional 6,946 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 1.9%

NASDAQ:AMZN opened at $216.10 on Tuesday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market capitalization of $2.29 trillion, a P/E ratio of 39.08, a P/E/G ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The business has a 50 day simple moving average of $196.38 and a 200 day simple moving average of $209.26.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 2,695 shares of the business’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 over the last three months. Company insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AMZN shares. Wells Fargo & Company cut their price objective on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Westpark Capital reiterated a “buy” rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Morgan Stanley dropped their target price on Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft dropped their target price on Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Citigroup reiterated a “buy” rating on shares of Amazon.com in a report on Monday, June 2nd. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $244.89.

Get Our Latest Research Report on Amazon.com

Amazon.com Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNFree Report).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.