Amazon.com, Inc. (NASDAQ:AMZN) shares sold by Roberts Wealth Advisors LLC

Roberts Wealth Advisors LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.7% in the 1st quarter, according to a filing with the Securities & Exchange Commission. The fund owned 54,953 shares of the e-commerce giant after selling 5,908 shares during the quarter. Amazon.com makes up about 3.7% of Roberts Wealth Advisors LLC’s holdings, making it its 6th-largest stock. Roberts Wealth Advisors LLC’s stake in Amazon.com was worth $10,090,000 at the end of the last quarter.

Other hedge funds and other institutional investors also changed their positions in the company. CM Bidwell & Associates Ltd. increased its position in 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 in the last quarter. Epoch Investment Partners Inc. increased its position in 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 in the last quarter. Peloton Wealth Strategists increased its position in Amazon.com by 8.6% in the 3rd quarter. Peloton Wealth Strategists now owns 38,385 shares of the e-commerce giant worth $4,880,000 after purchasing an additional 3,050 shares during the last quarter. Pegasus Partners Ltd. increased its position in Amazon.com by 15.5% in the third quarter. Pegasus Partners Ltd. now owns 11,001 shares of the e-commerce giant worth $1,398,000 after purchasing an additional 1,480 shares during the last quarter. Finally, Paragon Private Wealth Management LLC increased its position in Amazon.com by 2.9% during the third quarter. Paragon Private Wealth Management LLC now owns 17,501 shares of the e-commerce giant worth $2,225,000 after purchasing an additional 486 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts set new price targets

Several research firms have recently commented on AMZN. Monness Crespi & Hardt raised their price objective on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. Citigroup raised their price objective on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. Argus raised their price objective on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2. Bank of America raised their price objective on Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, June 26. Finally, Roth Mkm reissued a “buy” rating and set a $210.00 price target on shares of Amazon.com (previously $205.00) in a report issued on Wednesday, May 1. One investment analyst rated the stock a “hold,” forty-three have given the stock a “buy” rating, and one has given the company a “strong buy” rating. According to MarketBeat.com, the stock currently has an average rating of “buy” and an average price target of $215.86.

See our latest stock report on AMZN

Amazon.com Price Performance

NASDAQ AMZN stock opened at $200.00 on Monday. Amazon.com, Inc.’s twelve month low was $118.35 and its twelve month high was $200.55. The company has a current ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.02, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The company has a 50-day simple moving average of $185.99 and a 200-day simple moving average of $174.94.

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, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the company earned $0.31 earnings per share. The company’s quarterly revenue increased 12.5% ​​year-over-year. Equity research analysts as a group expect Amazon.com, Inc. to report $4.72 earnings per share for the current year.

Internal activity

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the CEO now directly 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 through this hyperlink . In related news, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction on Tuesday, July 2. The shares were sold at an average price of $200.08, for a total value of $292,804,474.96. Following the completion of the transaction, 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 is available at this link . 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 of $90,690.00. Following the transaction, the CEO now owns 130,600 shares of the company’s stock, valued at $23,688,228. Disclosure of this sale can be found here . Over the last ninety days, insiders have sold 1,532,985 shares of the company’s stock, valued at $305,578,679. 10.80% of the stock is currently owned by company insiders.

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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