GoalVest Advisory LLC sells 1,249 shares of Amazon.com, Inc. (NASDAQ:AMZN)

GoalVest Advisory LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) up 7.7% in the first quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The fund owned 15,034 shares of the e-commerce giant after selling 1,249 shares during the period. Amazon.com makes up 0.9% of GoalVest Advisory LLC’s investment portfolio, making the stock the 11th largest holding. GoalVest Advisory LLC’s shares in Amazon.com were worth $2,712,000 at the end of the last reporting period.

Other institutional investors have also recently made changes to their positions at the company. Collective Family Office LLC increased its position in shares of Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after purchasing an additional 819 shares in the last quarter. Members Trust Co increased its holdings in Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $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% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp increased its holdings in Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares in the last quarter. Finally, in the third quarter, Nicholas Company Inc. increased its shares in Amazon.com by 3.9%. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares in the last quarter. Hedge funds and other institutional investors hold 72.20% of the company’s shares.

Analysts set new price targets

AMZN has been the subject of many recent research reports. JMP Securities reissued a market outperform rating and set a $225.00 price target on shares of Amazon.com on Wednesday, May 1st. Argus increased their price target on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” in a report on Thursday, May 2. Telsey Advisory Group raised their target price on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Raymond James increased their price target on Amazon.com from $200.00 to $205.00 and gave the stock a “strong buy” rating in a report on Wednesday, May 1st. Finally, Loop Capital raised their price target on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday, May 6th. One equity research analyst rated the company with a hold rating, forty-three issued a buy rating and one gave a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $215.86, according to MarketBeat.com.

Read our latest report on AMZN

Insider Buying and Selling on Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 18. The shares were sold at an average price of $181.38, bringing the total transaction amount to $90,690.00. Following the completion of the transaction, the CEO now owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, bringing the total amount to $620,515.00. Following the completion of the sale, the CEO now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The transaction was disclosed in documents filed with the SEC, which can be accessed through the SEC’s website. Additionally, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, bringing the total to $90,690.00. Following the completion of the sale, the CEO now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. Disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,838 shares of company stock worth $11,261,789. 10.80% of the shares belong to insiders.

Amazon.com sales decline by 2.3%

On Monday, AMZN opened at $193.25. The company has a market cap of $2.01 trillion, a PE ratio of 54.13, a PEG ratio of 1.38 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $183.87 and a 200-day moving average of $173.28. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $199.84.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter was up 12.5% ​​compared to the same quarter last year. In the same quarter last year, the company saw EPS of $0.31. Equity research analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Amazon.com profile

(free report)

Amazon.com, Inc. engages in consumer products retailing, 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; and also develops and produces multimedia content.

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