Amazon.com, Inc. (NASDAQ:AMZN) Shares sold by NEW Advisory Services LLC

NEW Advisory Services LLC has reduced its stake in Amazon.com, Inc., according to its latest 13F filing with the Securities and Exchange Commission (SEC). (NASDAQ:AMZN – Free Report) up 1.7% in the fourth quarter. The fund owned 23,467 shares of the e-commerce giant after selling 414 shares during the period. At the end of the last reporting period, the value of NEW Advisory Services LLC’s shares in Amazon.com was USD 3,566,000.

Other hedge funds have also recently made changes to their positions at the company. Allspring Global Investments Holdings LLC increased its position in shares of Amazon.com by 1.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,524,721 shares of the e-commerce giant’s stock valued at $829,423,000 after acquiring an additional 94,080 shares in the last quarter. CHICAGO TRUST Co. NA increased its position in shares of Amazon.com by 13.5% during the third quarter. CHICAGO TRUST Co NA now owns 40,619 shares of the e-commerce giant’s stock valued at $5,163,000 after acquiring an additional 4,817 shares in the last quarter. Bordeaux Wealth Advisors LLC increased its position in shares of Amazon.com by 65.9% during the third quarter. Bordeaux Wealth Advisors LLC now owns 25,226 shares of the e-commerce giant’s stock valued at $3,207,000 after acquiring an additional 10,020 shares in the last quarter. Insight Wealth Partners LLC increased its position in shares of Amazon.com by 21.1% during the third quarter. Insight Wealth Partners LLC now owns 5,086 shares of the e-commerce giant’s stock valued at $647,000 after acquiring an additional 887 shares in the last quarter. Finally, Meitav Investment House Ltd. increased its position in shares of Amazon.com by 30.0% during the third quarter. Meitav Investment House Ltd. now owns 868,624 shares of the e-commerce giant’s stock valued at $110,201,000 after acquiring an additional 200,569 shares in the last quarter. Institutional investors and hedge funds hold 72.20% of the company’s shares.

Amazon.com sales decreased by 0.2%

Amazon.com shares opened on Tuesday at $180.75. The company has a market capitalization of $1.88 trillion, a PE ratio of 50.63, a price-to-earnings growth ratio of 1.29 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company’s fifty-day moving average price is $182.16 and its two-hundred-day moving average price is $166.67. Amazon.com, Inc. it has a 52-week low of $114.31 and a 52-week high of $191.70.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, $0.15 above the consensus estimate of $0.83. The company’s revenue for the quarter was $143.31 billion, 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 revenue for the quarter was up 12.5% ​​year-over-year. During the same quarter last year, the company saw an EPS of $0.31. On average, analysts expect Amazon.com, Inc. will see 4.72 EPS for the current year.

Amazon.com Confidential Transactions

In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39 for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a legal filing filed with the SEC, which can be accessed through the SEC’s website. In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39 for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a legal filing filed with the SEC, which can be accessed through the SEC’s website. Additionally, President Adam Selipsky sold 500 shares of the company in a transaction on Thursday, March 21. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the completion of the sale, the CEO now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The announcement of this sale can be found here. In the last quarter, insiders sold 117,894 shares of company stock worth $21,363,909. 10.80% of the shares are owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on AMZN stock recently. Robert W. Baird raised their target price on shares of Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. BMO Capital Markets increased their target price on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Stifel Nicolaus increased their target price on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. TD Cowen increased their price target on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Wedbush reiterated an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. One equity research analyst rated the stock with a hold rating, forty-four rated the stock with a buy rating, and one rated the stock with a strong buy rating. Amazon.com currently has a consensus rating of “Buy” and an average price target of $211.62, according to MarketBeat data.

See our latest report on Amazon.com

About Amazon.com

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. 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 media content.

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