Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Compass Ion Advisors LLC

Compass Ion Advisors LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 2.6% in the first quarter, according to the company’s latest filing with the Securities and Exchange Commission. The fund held 24,675 shares of the e-commerce giant after selling 663 shares during the period. Amazon.com makes up about 0.6% of Compass Ion Advisors LLC’s investment portfolio, making the stock its 24th-largest holding. Compass Ion Advisors LLC’s stake in Amazon.com was worth $4,451,000, according to the company’s latest filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. CM Bidwell & Associates Ltd. increased its position in shares of Amazon.com by 10.9% in the 3rd quarter. CM Bidwell & Associates Ltd. now owns 6,522 shares of the e-commerce giant’s stock worth $829,000 after purchasing an additional 641 shares during the period. Epoch Investment Partners Inc. increased its position in shares of Amazon.com by 120.9% in the 3rd quarter. Epoch Investment Partners Inc. now owns 811,128 shares of the e-commerce giant’s stock worth $103,111,000 after purchasing an additional 443,969 shares during the period. Peloton Wealth Strategists increased its position in shares of Amazon.com by 8.6% in the 3rd quarter. Peloton Wealth Strategists now owns 38,385 shares of the e-commerce giant’s stock worth $4,880,000 after purchasing an additional 3,050 shares during the period. Pegasus Partners Ltd. increased its position in shares of Amazon.com by 15.5% in the 3rd quarter. Pegasus Partners Ltd. now owns 11,001 shares of the e-commerce giant’s stock worth $1,398,000 after purchasing an additional 1,480 shares during the period. Finally, Paragon Private Wealth Management LLC increased its position in shares of Amazon.com by 2.9% in the 3rd quarter. Paragon Private Wealth Management LLC now owns 17,501 shares of the e-commerce giant’s stock worth $2,225,000 after purchasing an additional 486 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts set new price targets

AMZN has been the subject of multiple research analyst reports. Truist Financial raised their price objective for shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. Oppenheimer raised their price objective for shares of Amazon.com from $210.00 to $220.00 and gave the stock a “outperform” rating in a research report on Wednesday, May 1. Maxim Group lowered their price objective for shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research report on Wednesday, May 1. Needham & Company LLC reissued a “buy” rating and issued a $205.00 price target for shares of Amazon.com in a research report on Monday, July 1. Finally, BMO Capital Markets raised their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1. One investment analyst rated the stock a “hold,” forty-three gave a “buy” rating, and one gave a “strong buy” rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “buy” and an average price target of $215.86.

Get our latest stock report on Amazon.com

Internal activity

In other 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 value of $90,690.00. Following the sale, the CEO now owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in legal documents filed with the SEC, which can be accessed through this hyperlink . In other news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 6. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the sale, the CEO now owns 4,760 shares of the company’s stock, valued at $886,407.20. The sale was disclosed in legal documents 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 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 sale, the CEO now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. Disclosure of this sale can be found here . Insiders sold a total of 1,532,985 shares of the company’s stock valued at $305,578,679 during the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com revenue growth of 1.2%

NASDAQ AMZN opened at $200.00 on Monday. 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 $2.08 trillion, a P/E ratio of 56.02, a P/E/G ratio of 1.43 and a beta of 1.15. Amazon.com, Inc. has a one-year low of $118.35 and a one-year high of $200.55. The company’s fifty day moving average is $185.99 and a two-hundred day moving average is $174.94.

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 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.

Analysts set new price targets

Internal activity

Amazon.com revenue growth of 1.2%

Amazon.com Profile

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