Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Eagle Global Advisors LLC

Eagle Global Advisors LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,182 shares of the e-commerce giant’s stock after selling 9,609 shares during the quarter. Amazon.com comprises 1.5% of Eagle Global Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. Eagle Global Advisors LLC’s holdings in Amazon.com were worth $21,351,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Fiduciary Planning LLC grew its holdings in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares during the period. HBC Financial Services PLLC grew its holdings in Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares during the period. Meridian Investment Counsel Inc. increased its position in Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after purchasing an additional 5 shares during the last quarter. Alterna Wealth Management Inc. raised its stake in Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after purchasing an additional 5 shares during the period. Finally, Archetype Wealth Partners grew its stake in shares of Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after buying an additional 6 shares during the period. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMZN shares. Morgan Stanley lifted their target price on Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Barclays reduced their price objective on Amazon.com from $150.00 to $140.00 in a research note on Friday, April 28th. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $135.00 to $145.00 in a research report on Friday, April 28th. Wolfe Research lifted their price target on shares of Amazon.com from $130.00 to $140.00 in a research report on Friday, April 28th. Finally, UBS Group increased their price objective on shares of Amazon.com from $125.00 to $130.00 in a research report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.12.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 16,760 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $95.25, for a total transaction of $1,596,390.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $4,667,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CFO Brian T. Olsavsky sold 16,760 shares of Amazon.com stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $95.25, for a total transaction of $1,596,390.00. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $4,667,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 10,760 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $110.33, for a total value of $1,187,150.80. Following the transaction, the chief executive officer now owns 150,120 shares of the company’s stock, valued at approximately $16,562,739.60. The disclosure for this sale can be found here. Insiders have sold a total of 61,019 shares of company stock valued at $6,053,511 in the last quarter. Company insiders own 12.30% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $116.25 on Friday. The stock has a market capitalization of $1.19 trillion, a P/E ratio of 276.79, a P/E/G ratio of 4.11 and a beta of 1.26. The firm’s 50-day moving average price is $103.63 and its two-hundred day moving average price is $97.03. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $146.57. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The business had revenue of $127.36 billion during the quarter, compared to analyst estimates of $124.57 billion. During the same quarter in the previous year, the firm posted $0.21 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

Amazon.com Company Profile

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.