Guinness Atkinson Asset Management Inc owns shares of Amazon.com, Inc. worth $6.08 million (NASDAQ:AMZN)

Guinness Atkinson Asset Management Inc has lowered its position in shares of Amazon.com, Inc., according to its latest disclosures to the SEC. (NASDAQ:AMZN) up 0.4% in the first quarter. The institutional investor owned 33,694 shares of the e-commerce giant after selling 138 shares during the quarter. Amazon.com owns 2.9% of Guinness Atkinson Asset Management Inc, making it the 17th largest company. At the end of the last quarter, Guinness Atkinson Asset Management Inc’s stock in Amazon.com was worth $6,078,000.

Several other institutional investors have also recently adjusted their holdings in AMZN. ShoreHaven Wealth Partners LLC increased its holdings in shares of Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after purchasing an additional 60 shares during the period. About Dell Group LLC increased its position on Amazon.com by 0.5% in the fourth quarter. About Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock valued at $2,064,000 after purchasing an additional 61 shares during the period. Measured Wealth Private Client Group LLC increased its holdings in Amazon.com by 2.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after purchasing an additional 62 shares in the last quarter. Ballew Advisors Inc raised its position on Amazon.com by 1.5% in the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock valued at $790,000 after acquiring an additional 62 shares during the period. Finally, Socha Financial Group LLC increased its holdings in shares of Amazon.com by 3.3% during 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 in the last quarter. Institutional investors hold 72.20% of the company’s shares.

Wall Street analysts rate

Many stock analysts have recently commented on AMZN stock. Roth Mkm reaffirmed a “buy” rating and issued a price target for Amazon.com stock of $210.00 (up from $205.00) on Wednesday, May 1. JPMorgan Chase & Co. raised their price target on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. On Wednesday, May 1, Rosenblatt Securities affirmed a “buy” rating and set a price target for Amazon.com stock at $220.00. Benchmark reissued a “buy” rating and set a $200.00 price target for shares of Amazon.com in a research note on Wednesday, May 1st. Finally, Mizuho upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One analyst rated the company’s shares with a hold rating, forty-three gave a buy rating and one gave a strong buy rating to the company’s shares. Based on data from MarketBeat.com, the company’s consensus rating is “Buy” and the average price target is $215.74.

Check out our latest analysis on Amazon.com

Confidential activity on Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4. The shares were sold at an average price of $184.00, for a total transaction amount of $92,000.00. Following the transaction, the CEO now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. In other Amazon.com news, Executive Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction amount of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. 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 dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction amount of $92,000.00. Following the completion of the sale, the CEO now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The announcement of this sale can be found here. In the last quarter, insiders sold 65,338 shares of company stock worth $11,894,344. Company insiders own 10.80% of the company’s shares.

Amazon.com pricing performance

On Thursday, AMZN opened at $193.61. The company has a fifty-day moving average of $182.88 and a 200-day moving average of $172.28. The company’s market value is $2.01 trillion, its P/E ratio is 54.23, its PEG ratio is 1.33, and its beta is 1.14. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $194.80.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, $0.15 above the analyst consensus of $0.83. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenues increased by 12.5% ​​year over year. During the same period last year, the company earned $0.31 per share. As a group, sell-side analysts predict that Amazon.com, Inc. it will record 4.72 EPS for the current year.

About Amazon.com

(free report)

Amazon.com, Inc. is a retailer of consumer products, advertising, and subscription services 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 televisions; and develops and produces media content.

Featured Stories

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

Get daily news and ratings for Amazon.com – Enter your email address below to receive a daily concise summary of the latest news and analyst ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.