Richard P Slaughter Associates Inc has a position worth $813,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Richard P Slaughter Associates Inc., according to its latest 13F filing with the Securities and Exchange Commission. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) up 6.5% in the first quarter. The fund owned 4,508 shares of the e-commerce giant after selling 315 shares during the period. Richard P Slaughter Associates Inc’s stake in Amazon.com was worth $813,000, according to its most recent filing with the Securities and Exchange Commission.

Other hedge funds also increased or decreased their stakes in the company. ShoreHaven Wealth Partners LLC increased its holdings 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 valued at $491,000 after acquiring an additional 60 shares in the last quarter. About Dell Group LLC increased its holdings in Amazon.com by 0.5% in the fourth quarter. About Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock valued at $2,064,000 after acquiring 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 valued at $389,000 after acquiring an additional 62 shares in the last quarter. Socha Financial Group LLC increased its exposure to Amazon.com by 3.3% in the 4th quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after acquiring an additional 63 shares in the last quarter. Finally, Lake Hills Wealth Management LLC increased its holdings in Amazon.com by 0.8% in the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after acquiring an additional 65 shares in the last quarter. 72.20% of the shares are held by institutional investors and hedge funds.

Analysts set new price targets

A number of brokerage houses have expressed their opinion on AMZN. Loop Capital increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, May 6. 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. Rosenblatt Securities maintained a “buy” rating and set a price target for shares of Amazon.com at $220.00 in a research note on Wednesday, May 1. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Piper Sandler raised their target price on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating to the stock and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $215.37.

Download our latest stock report on AMZN

Insiders place their bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $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 legal filing filed with the SEC, which can be accessed through the SEC’s website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $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 legal filing filed with the SEC, which can be accessed through the SEC’s website. Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction amount of $632,555.00. Following the completion of the sale, the CEO now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The announcement of this sale can be found here. Over the last 90 days, insiders have sold a total of 65,338 shares of company stock worth $11,894,344. Insiders own 10.80% of the company’s shares.

Amazon.com Stock Up 1.6%

Shares of NASDAQ:AMZN opened at $189.08 on Friday. 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 12 month low of $118.35 and a 12 month high of $191.70. The company has a 50-day moving average price of $182.78 and a 200-day moving average price of $171.37. The company has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.96, a PEG ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the company earned $0.31 EPS. The company’s revenue for the quarter increased by 12.5% compared to the same quarter last year. Stock research analysts predict that as a group, Amazon.com, Inc. will see 4.72 earnings per share this year.

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.

Analysts set new price targets

Insiders place their bets

Amazon.com Stock Up 1.6%

Amazon.com profile

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