Occidental Asset Management LLC Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

Occidental Asset Management LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the first quarter, according to the company’s latest disclosure with the Securities & Exchange Commission. The fund held 25,068 shares of the e-commerce giant after selling 284 shares during the quarter. Amazon.com makes up 0.8% of Occidental Asset Management LLC’s portfolio, making the stock its 27th-largest position. Occidental Asset Management LLC’s stake in Amazon.com was worth $4,522,000 at the end of the last quarter.

Other institutional investors also recently changed their positions in the company. Collective Family Office LLC increased its holdings in shares of Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares in the last quarter. Members Trust Co increased its position 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 worth $638,000 after purchasing an additional 341 shares during the period. Cherrydale Wealth Management LLC increased its position in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp. raised 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 purchasing an additional 2,273 shares during the period. Finally, Nicholas Company Inc. raised 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 purchasing an additional 26,465 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Internal Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total transaction value of $90,690.00. Following the completion of the sale, the CEO now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . In other news, VP 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 completion of the sale, the VP now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total transaction value of $90,690.00. Following the completion of the sale, the CEO now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. Disclosure of this sale can be found here. Insiders have sold 69,548 shares of the company’s stock valued at $12,774,204 over the last 90 days. Corporate insiders own 10.80% of the stock.

Amazon.com Price Performance

Amazon.com shares opened at $197.59 on Friday. The company has a 50-day price average of $185.10 and a 200-day price average of $174.15. The company has a market capitalization of $2.06 trillion, a P/E ratio of 55.35, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The company has a current ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $200.43.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ estimates of $142.65 billion. During the same quarter last year, the company reported $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% year-over-year. Equity research analysts as a group are forecasting that Amazon.com, Inc. will report $4.72 earnings per share for the current year.

Wall Street analysts assess

AMZN has been the subject of numerous research analyst reports. Wells Fargo & Company raised their price objective for shares of Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a research report on Friday, June 28. Bank of America raised their price objective for shares of Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, June 26. Goldman Sachs Group raised their price objective for shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1. The benchmark reiterated a “buy” rating and issued a $200.00 price target for shares of Amazon.com in a research report on Wednesday, May 1. Finally, JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock 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 company a “strong buy” rating. The stock currently has a consensus rating of “Buy” and an average price target of $215.86 based on data from MarketBeat.

See our latest stock report on AMZN

Amazon.com 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.

Internal Activity at Amazon.com

Amazon.com Price Performance

Wall Street analysts assess

Amazon.com Profile

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