Gilman Hill Asset Management LLC Downgrades Its Position in Amazon.com, Inc. (NASDAQ:AMZN)

According to the latest filing with the Securities and Exchange Commission, Gilman Hill Asset Management LLC reduced its stake in Amazon.com, Inc. shares. (NASDAQ:AMZN) up 11.4% in the first quarter. The company owned 8,220 shares of the e-commerce giant after selling 1,055 shares during the quarter. Gilman Hill Asset Management LLC’s stake in Amazon.com was worth $1,483,000, according to its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also modified their holdings in AMZN. ShoreHaven Wealth Partners LLC increased its position in Amazon.com by 1.9% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares in the last quarter. O Dell Group LLC increased its holdings in Amazon.com by 0.5% in the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after purchasing an additional 61 shares in the last quarter. Measured Wealth Private Client Group LLC increased its holdings in Amazon.com by 2.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after purchasing an additional 62 shares in the last quarter. Ballew Advisors Inc increased its holdings in Amazon.com by 1.5% in the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after purchasing an additional 62 shares in the last quarter. Finally, in the fourth quarter, Socha Financial Group LLC increased its holdings in Amazon.com by 3.3%. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Changes in analyst ratings

Several stock analysts have recently commented on the company. BMO Capital Markets raised their target price on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. JMP Securities maintained a Market Outperform rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Tigress Financial raised their target price on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Morgan Stanley raised their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Oppenheimer upped their price target on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. One analyst rated the company’s shares with a hold rating, forty-three gave a buy rating and one gave a strong buy rating to the company’s shares. Based on data from MarketBeat, Amazon.com’s average rating is currently “Buy” and its average price target is $215.86.

Read our latest stock analysis on AMZN

Internal activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, bringing the total value to $92,000.00. Following the completion of the sale, the CEO now owns 131,600 shares of the company’s stock, valued at $24,214,400. The sale was disclosed in a document filed with the SEC, which is available through the SEC’s website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, bringing the total value to $92,000.00. Following the completion of the sale, the CEO now owns 131,600 shares of the company’s stock valued at $24,214,400. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, bringing the total transaction amount to $3,771,048.96. Following the completion of the sale, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. Disclosure for this sale can be found here. Insiders sold a total of 65,338 shares of company stock worth $11,894,344 in the last quarter. Insiders own 10.80% of the company’s shares.

Amazon.com stock performance

On Friday, NASDAQ AMZN opened at $193.25. The company has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 54.13, a PEG ratio of 1.39 and a beta of 1.14. The company has a 50-day moving average of $183.87 and a 200-day moving average of $172.93. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27. Amazon.com, Inc. it has a 1-year low of $118.35 and a 1-year high of $199.84.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analyst consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue for the quarter increased 12.5% ​​compared to the same quarter last year. During the same quarter last year, the company reported $0.31 earnings per share. Stock analysts predict that Amazon.com, Inc. will report an average of $4.72 in earnings per share for the current fiscal year.

Amazon.com profile

(free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

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