Levy Wealth Management Group LLC Cuts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Levy Wealth Management Group LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,844 shares of the e-commerce giant’s stock after selling 416 shares during the quarter. Levy Wealth Management Group LLC’s holdings in Amazon.com were worth $575,000 as of its most recent SEC filing.

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

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $115.00 on Friday. 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, Inc. has a 12 month low of $81.43 and a 12 month high of $146.57. The business has a fifty day simple moving average of $105.19 and a 200-day simple moving average of $97.67. The stock has a market cap of $1.18 trillion, a PE ratio of 273.81, a price-to-earnings-growth ratio of 4.00 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the company earned $0.21 earnings per share. Amazon.com’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AMZN shares. Tigress Financial restated a “buy” rating and set a $192.00 price target on shares of Amazon.com in a research note on Thursday, February 9th. Cowen raised their price target on Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. StockNews.com initiated coverage on Amazon.com in a research note on Thursday, May 18th. They set a “hold” rating on the stock. JPMorgan Chase & Co. increased their price objective on Amazon.com from $135.00 to $145.00 in a research report on Friday, April 28th. Finally, Piper Sandler increased their price objective on Amazon.com from $123.00 to $130.00 in a research report on Friday, April 28th. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $143.12.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 16,800 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $116.69, for a total transaction of $1,960,392.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $5,717,810. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Brian T. Olsavsky sold 16,800 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $116.69, for a total value of $1,960,392.00. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $5,717,810. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 2,299 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the completion of the sale, the chief executive officer now directly owns 138,320 shares in the company, valued at $13,879,028.80. The disclosure for this sale can be found here. Insiders have sold a total of 75,144 shares of company stock worth $8,405,887 over the last three months. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Company 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.