Abacus Wealth Partners LLC sells 716 shares of Amazon.com, Inc. (NASDAQ:AMZN)

According to the latest filing with the Securities and Exchange Commission, Abacus Wealth Partners LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) up 10.3% in the first quarter. The company owned 6,211 shares of the e-commerce giant after selling 716 shares during the period. Amazon.com constitutes 0.2% of Abacus Wealth Partners LLC, which makes it the 27th largest company. Abacus Wealth Partners LLC’s stake in Amazon.com was worth $1,120,000, according to its most recent SEC filing.

Several other large investors also increased or decreased their stake in the company. The Czech National Bank increased its stake in Amazon.com by 1.0% in the first quarter. Czech National Bank now owns 1,608,356 shares of the e-commerce giant’s stock valued at $290,115,000 after purchasing an additional 15,285 shares in the last quarter. During the first quarter, Fulton Bank NA increased its exposure to Amazon.com by 1.4%. Fulton Bank NA now owns 141,923 shares of the e-commerce giant’s stock valued at $25,600,000 after purchasing an additional 1,924 shares in the last quarter. Thomasville National Bank increased its holdings in Amazon.com by 0.8% in the first quarter. Thomasville National Bank now owns 353,765 shares of the e-commerce giant’s stock valued at $63,812,000 after purchasing an additional 2,961 shares in the last quarter. Signal Advisors Wealth LLC increased its holdings in Amazon.com by 9.4% in the first quarter. Signal Advisors Wealth LLC now owns 20,443 shares of the e-commerce giant’s stock worth $3,688,000 after purchasing an additional 1,752 shares in the last quarter. Finally, ACT Wealth Management LLC acquired a new position on Amazon.com during the first quarter worth $238,000. Institutional investors hold 72.20% of the company’s shares.

Amazon.com pricing performance

AMZN shares opened Friday at $189.08. Amazon.com, Inc. it has a 1-year low of $118.35 and a 1-year high of $191.70. 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 market capitalization is $1.97 trillion, its price-to-earnings ratio is 52.96, its price-to-earnings growth ratio is 1.31, and its beta is 1.14. The company has a 50-day moving average of $182.78 and a 200-day moving average of $171.37.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released quarterly data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, which topped analysts’ consensus estimates of $0.83 by $0.15. 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 the consensus estimate of $142.65 billion. During the same period last year, the company earned $0.31 per share. The company’s revenues increased by 12.5% compared to the same quarter last year. As a group, equity research analysts predict that Amazon.com, Inc. will report 4.72 earnings per share for the current year.

Amazon.com Confidential Transactions

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, for a total transaction amount 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 transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on 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, for a total transaction amount 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 transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 65,338 shares of company stock worth $11,894,344. 10.80% of the shares are owned by insiders.

Analysts set new price targets

Multiple research analysts have commented on AMZN stock. DA Davidson affirmed a “buy” rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, April 18th. Robert W. Baird raised their price target on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday. Argus increased their price target on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Maxim Group lowered their target price on Amazon.com from $318.00 to $238.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Stifel Nicolaus upped their price target on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” 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.com, the company currently has an average rating of “Buy” and an average price target of $215.37.

Check out our latest stock analysis on AMZN

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.

Amazon.com pricing performance

Amazon.com Confidential Transactions

Analysts set new price targets

About Amazon.com

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