Burns JW & Co. Inc. NY sells 708 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Burns JW & Co. Inc. NY reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 0.5% in the 1st quarter, according to its latest 13F filing with the Securities and Exchange Commission. The company owned 129,493 shares of the e-commerce giant after selling 708 shares during the quarter. Amazon.com makes up 3.3% of Burns JW & Co. Inc. NY’s portfolio, making it the fourth-largest holding. Burns JW & Co. Inc. NY’s stake in Amazon.com was worth $23,358,000, according to its latest filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings in the company. ShoreHaven Wealth Partners LLC increased its position in 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 holdings in Amazon.com shares 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 in the last quarter. Measured Wealth Private Client Group LLC increased its holdings in Amazon.com shares 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 acquiring an additional 62 shares in the last quarter. Ballew Advisors Inc increased its position in Amazon.com by 1.5% in the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after acquiring an additional 62 shares in the last quarter. Finally, Socha Financial Group LLC increased its position in Amazon.com by 3.3% in the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after acquiring an additional 63 shares during the period. Institutional investors own 72.20% of the outstanding stock.

Internal Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction dated Tuesday, July 2. The shares were sold at an average price of $200.08, for a total transaction amount of $292,804,474.96. Following the sale, the insider now owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC’s website . In other Amazon.com news, insider Jeffrey P. Bezos sold 1,463,437 shares of Amazon.com stock in a transaction that occurred on Tuesday, July 2. The shares were sold at an average price of $200.08, for a total transaction amount of $292,804,474.96. Following the completion of the sale, the insider now directly owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on 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 regarding this sale can be found here . Insiders have sold a total of 1,532,985 shares of the company’s stock valued at $305,578,679 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN stock opened at $200.00 on Friday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.55. The company has a market cap of $2.08 trillion, a P/E ratio of 56.02, a P/E/G ratio of 1.41 and a beta of 1.15. 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 simple moving average of $185.99 and a 200-day simple moving average of $174.63.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping 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 net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue for the quarter increased 12.5% ​​year-over-year. During the same period last year, the company earned $0.31 earnings per share. Equity analysts expect Amazon.com, Inc. to post 4.72 earnings per share for the current fiscal year.

Changes in analyst ratings

Several equities analysts have recently commented on AMZN shares. Wells Fargo & Company raised their price target on Amazon.com from $234.00 to $239.00 and gave the company a “overweight” rating in a research report on Friday, June 28. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price target on Amazon.com shares in a report on Wednesday, May 1. Monness Crespi & Hardt raised their price target on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1. Loop Capital raised their price target on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, May 6. Finally, Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a report issued on Wednesday, May 1. One analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has issued a “strong buy” rating for the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “buy” and a consensus price target of $215.86.

See our latest research report on Amazon.com

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.

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