Amazon.com, Inc. (NASDAQ:AMZN) shares sold by Ade LLC

Ade LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) shares by 7.7% in the first quarter, according to the company’s latest 13F filing with the SEC. The fund held 2,178 shares of the e-commerce giant after selling 181 shares during the quarter. Ade LLC’s stake in Amazon.com was worth $393,000 at the end of the last reporting period.

Several other hedge funds also modified their holdings in AMZN. Breakwater Capital Group increased its stake in Amazon.com shares by 0.4% in the first quarter. Breakwater Capital Group now owns 22,257 shares of the e-commerce giant’s stock worth $4,015,000 after purchasing an additional 87 shares in the last quarter. Optas LLC increased its stake in Amazon.com shares by 1.3% in the first quarter. Optas LLC now owns 33,878 shares of the e-commerce giant’s stock worth $6,111,000 after purchasing an additional 443 shares in the last quarter. Clarity Wealth Advisors LLC increased its stake in Amazon.com shares by 7.2% in the first quarter. Clarity Wealth Advisors LLC now owns 16,750 shares of the e-commerce giant’s stock worth $3,021,000 after purchasing an additional 1,131 shares during the period. Blue Zone Wealth Advisors LLC increased its holdings in Amazon.com by 0.6% in the first quarter. Blue Zone Wealth Advisors LLC now owns 30,456 shares of the e-commerce giant’s stock worth $5,494,000 after purchasing an additional 170 shares in the last quarter. Finally, WJ Wealth Management LLC increased its position in Amazon.com by 2.7% in the first quarter. WJ Wealth Management LLC now owns 20,002 shares of the e-commerce giant’s stock worth $3,608,000 after purchasing an additional 534 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com shares up 1.2%

Amazon.com shares opened at $200.00 on Monday. The stock’s 50-day average price is $185.99, and its 200-day average price is $174.94. Amazon.com, Inc. has a one-year low of $118.35 and a one-year high of $200.55. The company has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a price-to-earnings-growth ratio of 1.43, and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07, and a current ratio of 0.87.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The company’s revenue for the quarter increased 12.5% ​​year-over-year. During the same period last year, the company posted $0.31 earnings per share. Sell-side analysts, on average, predict that Amazon.com, Inc. will post earnings of 4.72 per share for the current fiscal year.

Internal activity

In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following 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 legal documents filed with the SEC, which can be accessed through this hyperlink . In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction on Monday, May 6. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the transaction, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. Disclosure of this sale can be found here. Over the last three months, insiders have sold 1,532,985 shares of the company’s stock, valued at $305,578,679. Company insiders own 10.80% of the company’s stock.

Changes in analyst ratings

Several equity research analysts have recently issued reports on AMZN stock. Citigroup raised their price target on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. Bank of America raised their price target on Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, June 26. Wedbush reiterated an “outperform” rating and set a $225.00 price target on Amazon.com stock in a research report on Wednesday, May 1. Robert W. Baird raised his price target on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21. Finally, Roth Mkm reiterated a “buy” rating and set a $210.00 price target (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1. One equities research analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has given a “strong buy” rating to the company. The stock currently has an average “buy” rating and an average price target of $215.86, based on data from MarketBeat.

Read 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.

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