Cairn Investment Group Inc. sells 900 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cairn Investment Group Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 25.8% in the first quarter, according to the company’s latest 13F filing with the Securities & Exchange Commission. The institutional investor held 2,590 shares of the e-commerce giant after selling 900 shares during the period. Cairn Investment Group Inc.’s stake in Amazon.com was worth $467,000 at the end of the last reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their holdings in the stock. ShoreHaven Wealth Partners LLC increased its holdings in shares of 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 worth $491,000 after purchasing an additional 60 shares in the last quarter. O Dell Group LLC increased its position in shares of Amazon.com by 0.5% in the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after purchasing an additional 61 shares during the period. Measured Wealth Private Client Group LLC increased its position in shares of 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 worth $389,000 after purchasing an additional 62 shares during the period. Ballew Advisors Inc increased its position in shares of Amazon.com by 1.5% in the 1st quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after purchasing an additional 62 shares during the period. Finally, Socha Financial Group LLC increased its position in shares of 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 purchasing an additional 63 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com revenue growth of 2.0%

NASDAQ AMZN opened at $197.20 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87, and a quick ratio of 1.07. The company has a market capitalization of $2.05 trillion, a P/E ratio of 55.24, a P/E/G ratio of 1.38, and a beta of 1.15. The Amazon.com, Inc. stock has a one-year low of $118.35 and a one-year high of $199.84. The company’s fifty day moving average is $183.87, and its two-hundred day moving average is $173.28.

Amazon.com (NASDAQ:AMZN – Get Free Report ) last released its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share 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’ estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s quarterly revenue increased 12.5% ​​year-over-year. During the same period last year, the company reported $0.31 earnings per share. Analysts are expecting Amazon.com, Inc. to report earnings of $4.72 per share for the current year.

Amazon.com Internal Transactions

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4. The shares were sold at an average price of $184.00, for a total transaction value of $92,000.00. Following the transaction, the CEO now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4. The shares were sold at an average price of $184.00, for a total transaction value of $92,000.00. Following the transaction, the CEO now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink . Additionally, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21. The shares were sold at an average price of $181.39, for a total transaction 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. Disclosure of this sale can be found here. Over the last ninety days, insiders have sold a total of 66,548 shares of the company’s stock, valued at $12,180,239. 10.80% of the stock is currently owned by insiders.

Wall Street analysts assess

Several research firms have recently commented on AMZN. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1. Barclays raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “overweight” rating in a research report on Wednesday, May 1. Bank of America raised their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26. Truist Financial raised their price target on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1. Finally, Morgan Stanley raised their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1. One equities research analyst rated the stock a “hold,” forty-three rated it a “buy,” and one gave the stock a “strong buy” rating. Amazon.com has an average rating of “Buy” and an average price target of $215.86, according to data from MarketBeat.

Get our latest stock report on Amazon.com

Amazon.com Company Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service 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 develops and produces multimedia content.

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