Amazon.com, Inc. (NASDAQ:AMZN) Position Trimmed by Private Wealth Strategies L.L.C.

Private Wealth Strategies L.L.C. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 428 shares of the e-commerce giant’s stock after selling 90 shares during the quarter. Amazon.com comprises about 0.3% of Private Wealth Strategies L.L.C.’s investment portfolio, making the stock its 24th largest holding. Private Wealth Strategies L.L.C.’s holdings in Amazon.com were worth $1,396,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Amazon.com in the 4th quarter valued at about $14,053,756,000. Castleview Partners LLC acquired a new stake in Amazon.com during the 4th quarter worth about $1,143,000. Fairfield Bush & CO. raised its holdings in Amazon.com by 28,715.3% during the 4th quarter. Fairfield Bush & CO. now owns 1,336,741 shares of the e-commerce giant’s stock worth $11,353,000 after buying an additional 1,332,102 shares during the period. State Street Corp raised its holdings in Amazon.com by 4.3% during the 4th quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after buying an additional 698,970 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Amazon.com during the 4th quarter worth about $2,059,691,000. Institutional investors and hedge funds own 72.51% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $134.95 on Monday. The business has a fifty day simple moving average of $114.13 and a 200 day simple moving average of $134.90. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1.37 trillion, a price-to-earnings ratio of 65.15, a PEG ratio of 4.38 and a beta of 1.25. Amazon.com, Inc. has a one year low of $101.26 and a one year high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The firm had revenue of $121.23 billion during the quarter, compared to analyst estimates of $119.16 billion. Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 1.12 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO David H. Clark sold 2,270 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the completion of the transaction, the chief executive officer now directly owns 6,695 shares in the company, valued at $14,522,927.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO David H. Clark sold 2,270 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the completion of the transaction, the chief executive officer now directly owns 6,695 shares in the company, valued at $14,522,927.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 173 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $375,275.06. Following the transaction, the vice president now owns 5,989 shares of the company’s stock, valued at $12,991,458.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,803 shares of company stock worth $10,528,337. 12.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on AMZN shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Amazon.com from $155.00 to $175.00 and gave the stock a “maintains” rating in a report on Friday. Robert W. Baird dropped their target price on Amazon.com from $200.00 to $187.50 in a report on Friday, April 29th. Tigress Financial reiterated a “buy” rating and issued a $232.00 target price on shares of Amazon.com in a report on Wednesday, June 29th. Truist Financial reiterated a “buy” rating and issued a $175.00 target price on shares of Amazon.com in a report on Friday, June 17th. Finally, Mizuho dropped their target price on Amazon.com from $197.50 to $155.00 and set a “buy” rating on the stock in a report on Thursday, July 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and thirty have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $179.45.

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.

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

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