Regent Peak Wealth Advisors LLC Trims Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Regent Peak Wealth Advisors LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,245 shares of the e-commerce giant’s stock after selling 2,520 shares during the period. Amazon.com comprises approximately 1.3% of Regent Peak Wealth Advisors LLC’s portfolio, making the stock its 16th largest position. Regent Peak Wealth Advisors LLC’s holdings in Amazon.com were worth $3,989,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kavar Capital Partners Group LLC increased its stake in Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd increased its stake in Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares during the period. Ironwood Wealth Management LLC. increased its stake in Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after purchasing an additional 15 shares during the period. Markel Corp increased its stake in Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after purchasing an additional 550 shares during the period. Finally, Leelyn Smith LLC increased its stake in Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after purchasing an additional 540 shares during the period. 57.64% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 1.1 %

Shares of NASDAQ:AMZN opened at $115.01 on Tuesday. The company has a market cap of $1.18 trillion, a PE ratio of 273.83, a P/E/G ratio of 4.04 and a beta of 1.26. The company’s 50-day moving average price is $104.08 and its 200 day moving average price is $97.25. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two 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 issued its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. The firm had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. Amazon.com’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.21 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JMP Securities restated a “market outperform” rating and set a $140.00 target price on shares of Amazon.com in a research report on Wednesday, April 19th. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. Barclays reduced their price target on shares of Amazon.com from $150.00 to $140.00 in a report on Friday, April 28th. Telsey Advisory Group reissued an “outperform” rating and set a $125.00 price objective on shares of Amazon.com in a research note on Thursday, April 20th. Finally, Wedbush upped their price objective on shares of Amazon.com from $125.00 to $129.00 in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.12.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 10,760 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $110.33, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Adam Selipsky sold 10,760 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $110.33, for a total value of $1,187,150.80. Following the completion of the transaction, the chief executive officer now directly owns 150,120 shares in the company, valued at $16,562,739.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the transaction, the chief executive officer now owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,599 shares of company stock valued at $2,781,085. Company insiders own 12.30% of the company’s stock.

Amazon.com Profile

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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.