Amazon.com, Inc. (NASDAQ:AMZN) position reduced by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 10.1% in the first quarter, according to its latest Form 13F filed with the Securities and Exchange Commission (SEC). The institutional investor held 7,730 shares of the e-commerce giant after selling 867 shares in the quarter. Amazon.com makes up about 0.5% of OneAscent Wealth Management LLC’s stake, making the stock its 20th largest position. OneAscent Wealth Management LLC’s stake in Amazon.com was worth $1,394,000 at the end of the last reporting period.

Several other hedge funds and other institutional investors also recently changed their positions in AMZN. Astoria Portfolio Advisors LLC. increased its stake in shares of Amazon.com by 8.5% in the first quarter. Astoria Portfolio Advisors LLC. now owns 10,897 shares of the e-commerce giant worth $2,001,000 after purchasing an additional 852 shares in the last quarter. Silverleafe Capital Partners LLC increased its holdings in Amazon.com by 7.8% in the first quarter. Silverleafe Capital Partners LLC now owns 4,570 shares of the e-commerce giant worth $824,000 after purchasing an additional 330 shares in the last quarter. New England Research & Management Inc. increased its position in Amazon.com by 5.9% in the first quarter. New England Research & Management Inc. now owns 9,413 shares of the e-commerce giant’s stock worth $1,698,000 after purchasing an additional 525 shares in the last quarter. Norway Savings Bank increased its holdings in Amazon.com by 3.6% in the first quarter. Norway Savings Bank now owns 26,688 shares of the e-commerce giant’s stock worth $4,814,000 after purchasing an additional 933 shares in the last quarter. Finally, Kathmere Capital Management LLC increased its position in Amazon.com stock by 71.5% in the first quarter. Kathmere Capital Management LLC now owns 8,776 shares of the e-commerce giant’s stock worth $1,583,000 after purchasing an additional 3,658 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Amazon.com shares opened at $197.59 on Friday. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $200.43. The stock has a 50-day simple moving average of $185.10 and a 200-day simple moving average of $174.15. The stock has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 55.35, a P/E/G ratio of 1.43 and a beta of 1.15. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was $143.31 billion, compared to analyst estimates of $142.65 billion. During the same period last year, the company reported $0.31 earnings per share. Amazon.com’s revenue increased 12.5% ​​compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will report earnings per share of $4.72 for the current fiscal 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 transaction, the CEO now 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 at this link . 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 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 transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, July 1. The shares were sold at an average price of $195.99, for a total transaction value of $685,965.00. Following the sale, the CEO now directly owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. Disclosure of this sale can be found here. Insiders have sold a total of 69,548 shares of the company’s stock valued at $12,774,204 over the last ninety days. Insiders own 10.80% of the stock.

Wall Street analysts assess

Several brokerage firms have recently commented on AMZN. Morgan Stanley raised their price target for Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. Maxim Group lowered their price target for shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, May 1. JPMorgan Chase & Co. raised their price target for shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1. Roth Mkm reiterated a “buy” rating and issued a $210.00 price target (previously $205.00) for shares of Amazon.com in a report on Wednesday, May 1. Finally, Telsey Advisory Group raised their price target on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1. One analyst rated the stock a “hold,” forty-three gave a “buy” rating, and one gave the company a “strong buy” rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $215.86.

Get our latest AMZN Stock Report

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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