Kingswood Wealth Advisors LLC owns $19.95 million worth of shares in Amazon.com, Inc. (NASDAQ:AMZN)

Kingswood Wealth Advisors LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) up 17.7% in Q1, according to its latest disclosure with the Securities & Exchange Commission. The institutional investor owned 110,611 shares of the e-commerce giant after selling 23,786 shares during the quarter. Amazon.com makes up 2.3% of Kingswood Wealth Advisors LLC’s investment portfolio, making the stock its fourth-largest holding. Kingswood Wealth Advisors LLC’s stock in Amazon.com was worth $19,952,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently increased or decreased their stakes in the company. Altus Wealth Management LLC increased its position on Amazon.com by 3.0% in the first quarter. Altus Wealth Management LLC now owns 3,414 shares of the e-commerce giant’s stock valued at $616,000 after purchasing an additional 100 shares during the period. Sound Income Strategies LLC increased its holdings in Amazon.com by 12.6% during the first quarter. Sound Income Strategies LLC now owns 44,242 shares of the e-commerce giant’s stock valued at $7,980,000 after acquiring an additional 4,966 shares in the last quarter. F&V Capital Management LLC acquired a new stake in shares of Amazon.com during the first quarter worth approximately $239,000. Ayalon Insurance Comp Ltd. increased its holdings in shares of Amazon.com by 9.0% during the first quarter. Ayalon Insurance Comp Ltd. now owns 14,518 shares of the e-commerce giant’s stock valued at $2,619,000 after purchasing an additional 1,198 shares in the last quarter. Finally, West Paces Advisors Inc. increased its stake in Amazon.com shares by 8.7% in the first quarter. West Paces Advisors Inc. now owns 9,485 shares of the e-commerce giant’s stock valued at $1,711,000 after purchasing an additional 758 shares in the last quarter. 72.20% of the shares are held by hedge funds and other institutional investors.

Internal transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the CEO now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 4. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the CEO now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a filing with the Securities and Exchange Commission, available at this link . Additionally, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Tuesday, May 21. The shares were sold at an average price of $181.44, for a total transaction value of $3,771,048.96. Following the completion of the sale, the CEO now owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The announcement of the sale can be found here . Over the last ninety days, insiders have sold 65,338 shares of the company’s stock, valued at $11,894,344. Corporate insiders own 10.80% of the company’s stock.

Wall Street analysts assess

Multiple analysts have issued reports on the company. Mizuho raised their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1. Raymond James raised their price target on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong buy” rating in a research note on Wednesday, May 1. UBS Group raised their price target on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1. Robert W. Baird raised their price target on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21. Finally, Benchmark reiterated a “buy” rating and set a $200.00 price target on Amazon.com shares in a report issued on Wednesday, May 1. One equity research analyst has rated the stock a hold, forty-three have rated the stock a buy, and one has given a strong buy rating. The stock currently has an average rating of “Buy” and an average price target of $215.86, according to MarketBeat.

Check out our latest Amazon.com Stock Report

Amazon.com stock performance

AMZN opened at $193.25 on Friday. The stock has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 54.13, a PEG ratio of 1.42 and a beta of 1.14. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $199.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a current ratio of 1.07. The company has a 50-day moving average of $183.87 and a 200-day moving average of $173.11.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst expectations of $142.65 billion. During the same period last year, the company reported earnings per share of $0.31. The company’s revenue increased 12.5% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will report earnings per share of $4.72 for the current fiscal 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.

Internal transactions at Amazon.com

Wall Street analysts assess

Amazon.com stock performance

Amazon.com profile

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