Mcdonald Partners LLC reduces its stake in Amazon.com, Inc. (NASDAQ:AMZN)

Mcdonald Partners LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) shares by 0.8% in the first quarter, according to its latest Form 13F filing with the SEC. The institutional investor owned 24,389 shares of the e-commerce giant after selling 195 shares during the quarter. Amazon.com makes up 1.2% of Mcdonald Partners LLC’s portfolio, making it its 15th-largest holding. At the end of the last quarter, Mcdonald Partners LLC’s stake in Amazon.com was worth $4,399,000.

A number of other hedge funds also changed their positions in AMZN. Collective Family Office LLC increased its position in Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant worth $1,674,000 after purchasing an additional 819 shares in the last quarter. Members Trust Co increased its stake in Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant worth $638,000 after purchasing an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC increased its holdings in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant worth $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp grew its position in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares in the last quarter. Finally, Nicholas Company Inc. grew its position in Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after acquiring an additional 26,465 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Confidential Transactions

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction amount of $620,515.00. Following the sale, the CEO now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction amount of $620,515.00. Following the sale, the CEO now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Additionally, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the closing of the transaction, the CEO now owns 131,600 shares of the company’s stock valued at $24,214,400. The announcement of this sale can be found here. In the last quarter, insiders sold 65,338 shares of company stock worth $11,894,344. Currently, 10.80% of the shares are owned by corporate insiders.

Amazon.com revenue falls 2.3%

On Friday, AMZN opened at $193.25. Amazon.com, Inc. it has a 12 month low of $118.35 and a 12 month high of $199.84. 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 stock has a market capitalization of $2.01 trillion, a PE ratio of 54.13, a P/E/G ratio of 1.42 and a beta of 1.14. The company’s fifty-day moving average price is $183.87 and its 200-day moving average price is $173.11.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its financial results on Tuesday, April 30. The e-commerce giant reported earnings per share (EPS) for the quarter of $0.98, $0.15 above the analyst consensus of $0.83. 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 revenue for the quarter increased by 12.5% year-over-year. In the same quarter last year, the company saw EPS of $0.31. Analysts expect Amazon.com, Inc. to post EPS of 4.72 for the current fiscal year.

Analysts set new price targets

Several equity research analysts have recently published reports on the company. Wedbush maintained an “outperform” rating on the stock and set a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. The Goldman Sachs Group increased their target price on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Wells Fargo & Company raised their target price on shares of Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a research note on Friday. Piper Sandler increased their target price on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Roth Mkm affirmed a “buy” rating and set a $210.00 price target on shares of Amazon.com (up from $205.00) in a research note on Wednesday, May 1st. One analyst has rated the company with a hold rating, forty-three have issued a buy rating to the company and one has issued a strong buy rating to the company. Based on data from MarketBeat, the consensus rating for the company’s stock is “Buy” and the average price target is $215.86.

Read our latest stock report on Amazon.com

Amazon.com Profile

(Free report)

Amazon.com, Inc. is a retailer of consumer products, advertising, and subscription services 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 televisions; and develops and produces media content.

Amazon.com Confidential Transactions

Amazon.com revenue falls 2.3%

Analysts set new price targets

Amazon.com Profile

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