Bogart Wealth LLC reduces its stake in Amazon.com, Inc. (NASDAQ:AMZN)

Bogart Wealth LLC reduced its position in Amazon.com, Inc., according to its latest filing with the Securities and Exchange Commission. (NASDAQ:AMZN) up 10.4% in the fourth quarter. The institutional investor owned 75,913 shares of the e-commerce giant after selling 8,777 shares during the quarter. Amazon.com represents about 0.6% of Bogart Wealth LLC, making it its 26th-largest holding. At the end of the last reporting period, the value of Bogart Wealth LLC’s shares in Amazon.com was USD 11,534,000.

A number of other hedge funds and other institutional investors have also recently adjusted their holdings in AMZN. Tandem Capital Management Corp ADV increased its holdings in Amazon.com by 65.4% in the third quarter. Tandem Capital Management Corp ADV now owns 3,990 shares of the e-commerce giant’s stock valued at $507,000 after acquiring an additional 1,577 shares during the period. Narus Financial Partners LLC increased its position on Amazon.com by 1.1% in the third quarter. Narus Financial Partners LLC now owns 7,465 shares of the e-commerce giant’s stock valued at $949,000 after purchasing an additional 82 shares in the last quarter. Mcdonald Partners LLC raised its position on Amazon.com by 4.7% in the third quarter. Mcdonald Partners LLC now owns 22,664 shares of the e-commerce giant’s stock valued at $2,881,000 after purchasing an additional 1,009 shares in the last quarter. Choate Investment Advisors increased its position on Amazon.com by 48.0% during the third quarter. Choate Investment Advisors now owns 191,745 shares of the e-commerce giant’s stock valued at $24,375,000 after purchasing an additional 62,165 shares in the last quarter. Finally, Orca Investment Management LLC raised its position on Amazon.com by 16.2% in the third quarter. Orca Investment Management LLC now owns 7,574 shares of the e-commerce giant’s stock valued at $963,000 after purchasing an additional 1,054 shares in the last quarter. 72.20% of the shares are currently owned by hedge funds and other institutional investors.

Amazon.com stock performance

On Thursday, NASDAQ:AMZN opened at $182.02. The stock has a 50-day simple moving average of $182.37 and a two-hundred-day simple moving average of $167.05. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $191.70. The company has a debt to equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a market capitalization of $1.89 trillion, a PE ratio of 50.99, a P/E/G ratio of 1.29 and a beta of 1.15.

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, $0.15 above the consensus estimate of $0.83. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. In the same quarter last year, the company reported earnings per share of $0.31. Amazon.com’s revenue for the quarter increased 12.5% ​​year-over-year. Analysts predict that Amazon.com, Inc. will see 4.72 EPS for the current year.

Analysts set new price targets

AMZN has been the subject of many recent analyst reports. Mizuho increased their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. The Goldman Sachs Group raised their target price on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price target on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus raised their price target on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One analyst has rated the company with a hold rating, forty-four analysts have issued a buy rating to the company and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the Amazon.com consensus rating is currently “Buy” and the average price target is $211.62.

Read our latest stock analysis on Amazon.com

Insider buying and selling on Amazon.com

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 transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. 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 transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. Additionally, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the transaction, the CEO now owns 1,994,182 shares of the company’s stock valued at $358,952,760. 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. Company insiders own 10.80% of the company’s shares.

Amazon.com profile

(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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