Atlas Capital Advisors LLC sells 36,659 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Atlas Capital Advisors LLC reduced its position in shares of Amazon.com, Inc. during the first quarter, according to its latest disclosure to the Securities and Exchange Commission (SEC). (NASDAQ:AMZN) by 85.4%. The institutional investor owned 6,251 shares of the e-commerce giant after selling 36,659 shares during the period. At the end of the last quarter, Atlas Capital Advisors LLC’s stake in Amazon.com was worth $1,128,000.

Several other hedge funds and other institutional investors also added to or reduced their holdings in AMZN. Davis Investment Partners LLC increased its stake in Amazon.com shares by 4.2% in the first quarter. Davis Investment Partners LLC now owns 4,574 shares of the e-commerce giant’s stock worth $851,000 after acquiring an additional 185 shares in the last quarter. Constitution Capital LLC increased its position in Amazon.com shares by 19.3% in the first quarter. Constitution Capital LLC now owns 9,902 shares of the e-commerce giant’s stock worth $1,786,000 after purchasing an additional 1,602 shares in the last quarter. Financial Enhancement Group LLC increased its holdings in Amazon.com shares by 4.0% in the first quarter. Financial Enhancement Group LLC now owns 2,653 shares of the e-commerce giant’s stock worth $494,000 after purchasing an additional 101 shares during the period. Chemistry Wealth Management LLC increased its holdings in shares of Amazon.com by 3.8% in the first quarter. Chemistry Wealth Management LLC now owns 44,061 shares of the e-commerce giant’s stock worth $7,948,000 after purchasing an additional 1,608 shares in the last quarter. Finally, CFM Wealth Partners LLC increased its position in Amazon.com by 2.2% in the first quarter. CFM Wealth Partners LLC now owns 99,877 shares of the e-commerce giant’s stock worth $18,016,000 after purchasing an additional 2,191 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com revenue falls 2.3%

AMZN stock opened at $193.25 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a quick ratio of 1.07. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $199.84. The company has a 50-day moving average price of $183.87 and a 200-day moving average price of $173.28. The company has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 54.13, a PEG ratio of 1.38 and a beta of 1.14.

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 (EPS) for the quarter, beating the consensus estimate 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%. The company’s revenues increased by 12.5% year over year. During the same period last year, the company reported $0.31 in earnings per share. Stock research analysts predict that Amazon.com, Inc. will report $4.72 earnings per share for the current year.

Changes in analyst ratings

Several research firms have commented on AMZN. Telsey Advisory Group raised their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1. JMP Securities reissued a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1. Maxim Group lowered their price target on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1. Morgan Stanley raised their price target on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1. Finally, Wells Fargo & Company raised their price target on shares of Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a report on Friday. One research analyst rated the stock a “hold,” forty-three rated it a “buy,” and one gave it a “strong buy” rating. The stock currently has an average rating of “Buy” and a consensus price target of $215.86, based on data from MarketBeat.

See our latest stock analysis on AMZN

Insiders are betting

In other 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 transaction amount 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 transaction was disclosed in legal documents filed with the SEC, which can be accessed through the SEC’s website. In related news, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, bringing the total transaction amount to $1,000,160.00. Following the transaction, the Director now owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC’s website. Additionally, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, bringing the total to $92,000.00. Following the completion of the sale, the CEO now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. Disclosure for this sale can be found here. Insiders have sold 61,838 shares of company stock worth $11,261,789 over the last ninety days. Company insiders own 10.80% of the company’s shares.

Amazon.com Company 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.

Amazon.com revenue falls 2.3%

Changes in analyst ratings

Insiders are betting

Amazon.com Company Profile

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