Amazon.com, Inc. (NASDAQ:AMZN) shares sold by Arlington Financial Advisors LLC

Arlington Financial Advisors LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 8.2% in the 1st quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The firm owned 40,230 shares of the e-commerce giant after selling 3,616 shares during the quarter. Amazon.com makes up about 1.6% of Arlington Financial Advisors LLC’s portfolio, making the stock the 21st largest. Arlington Financial Advisors LLC’s stake in Amazon.com was worth $7,257,000, according to its latest SEC filing.

Several other hedge funds have also recently added to or reduced their holdings in the business. Norges Bank bought a new position in Amazon.com in the fourth quarter worth about $17,700,551,000. Vanguard Group Inc. increased its position in shares of Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. International Assets Investment Management LLC increased its holdings in Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after acquiring an additional 23,717,254 shares in the last quarter. Global Assets Advisory LLC increased its position in Amazon.com by 30,350.2% in the first quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock valued at $1,178,164,000 after acquiring an additional 6,510,119 shares during the period. Finally, California Public Employees Retirement System increased its stake in Amazon.com by 13.4% in the fourth quarter. California Public Employees Retirement System now owns 19,641,430 shares of the e-commerce giant’s stock valued at $2,984,319,000 after acquiring an additional 2,319,577 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street analysts predict growth

Several analysts have recently issued reports on AMZN stock. Barclays raised their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “overweight” rating in a research report on Wednesday, May 1. UBS Group raised their price target on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. Goldman Sachs Group raised their price target on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. The benchmark reissued a “buy” rating and issued a $200.00 price target on Amazon.com stock in a research report on Wednesday, May 1. Finally, Bank of America raised their price target on Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26. One analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has given a “strong buy” rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “buy” and an average price target of $215.86.

Check out our latest report on Amazon.com

Amazon.com Internal Transactions

In related 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 transaction amount of $90,690.00. Following the transaction, the CEO now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . In related news, 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 amount of $90,690.00. Following the completion of the transaction, the CEO now owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available at this link . Additionally, 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 value of $292,804,474.96. Following the completion of the sale, the insider now owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. Disclosure regarding the 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. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

AMZN stock opened at $200.00 on Monday. The company has a 50-day simple moving average of $185.99 and a 200-day simple moving average of $174.94. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.02, a price-to-earnings-to-growth ratio of 1.43 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $200.55.

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 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 return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenue increased by 12.5% ​​compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. Equity research analysts on average predict that Amazon.com, Inc. will post 4.72 EPS for the current year.

About Amazon.com

(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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