Butensky & Cohen Financial Security Inc. Sells 804 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Butensky & Cohen Financial Security Inc. cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,801 shares of the e-commerce giant’s stock after selling 804 shares during the quarter. Amazon.com makes up approximately 1.6% of Butensky & Cohen Financial Security Inc.’s investment portfolio, making the stock its 16th largest holding. Butensky & Cohen Financial Security Inc.’s holdings in Amazon.com were worth $5,289,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Radnor Capital Management LLC grew its holdings in Amazon.com by 2.6% in the first quarter. Radnor Capital Management LLC now owns 11,846 shares of the e-commerce giant’s stock worth $2,254,000 after purchasing an additional 303 shares during the last quarter. Disciplined Investments LLC boosted its position in shares of Amazon.com by 64.1% in the 1st quarter. Disciplined Investments LLC now owns 2,173 shares of the e-commerce giant’s stock worth $413,000 after purchasing an additional 849 shares in the last quarter. Tower Wealth Partners Inc. grew its stake in Amazon.com by 6.3% during the 1st quarter. Tower Wealth Partners Inc. now owns 5,221 shares of the e-commerce giant’s stock worth $993,000 after buying an additional 311 shares during the last quarter. Fortress Financial Group LLC increased its position in Amazon.com by 1.9% during the 1st quarter. Fortress Financial Group LLC now owns 6,635 shares of the e-commerce giant’s stock valued at $1,262,000 after buying an additional 123 shares in the last quarter. Finally, First National Corp MA ADV raised its stake in Amazon.com by 0.5% in the first quarter. First National Corp MA ADV now owns 16,029 shares of the e-commerce giant’s stock valued at $3,050,000 after buying an additional 83 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $212.52 on Friday. The company’s fifty day moving average price is $197.91 and its 200 day moving average price is $209.34. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market capitalization of $2.26 trillion, a P/E ratio of 34.61, a P/E/G ratio of 1.61 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on AMZN shares. Jefferies Financial Group lowered their price target on Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Mizuho lowered their target price on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Evercore ISI dropped their target price on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Citigroup reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, June 2nd. Finally, BNP Paribas raised shares of Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.89.

Insider Buying and Selling at Amazon.com

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

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.