Seneca House Advisors Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

Seneca House Advisors reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 8.0% in the 1st quarter, according to the company’s latest disclosure with the Securities & Exchange Commission. The firm owned 2,695 shares of the e-commerce giant after selling 234 shares during the period. Seneca House Advisors’ stake in Amazon.com was worth $486,000 at the end of the last reporting period.

Other institutional investors and hedge funds also recently modified their holdings in the company. Ridgecrest Wealth Partners LLC increased its position in shares of Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after purchasing an additional 56 shares in the last quarter. ShoreHaven Wealth Partners LLC increased its holdings in Amazon.com by 1.9% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares in the last quarter. O Dell Group LLC increased its holdings in Amazon.com by 0.5% in the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after acquiring an additional 61 shares in the last quarter. Measured Wealth Private Client Group LLC increased its holdings in shares of Amazon.com by 2.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after acquiring an additional 62 shares in the last quarter. Finally, Ballew Advisors Inc increased its position in shares of Amazon.com by 1.5% in the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after acquiring an additional 62 shares in the last quarter. Institutional investors own 72.20% of the outstanding shares.

Amazon.com Stock Performance

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

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate 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 12.5% ​​compared to the same quarter last year. During the same period last year, the company reported earnings per share of $0.31. Equity research analysts have forecasted that Amazon.com, Inc. will post an average EPS of 4.72 for the current fiscal year.

Buying and selling confidential information

In other news, 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 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 are available at this hyperlink . In other news, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction that took place 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 transaction, the insider now owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link . Additionally, 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 of $90,690.00. Following the sale, the CEO now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. Disclosure of this sale can be found here . Insiders have sold a total of 1,532,985 shares of the company’s stock valued at $305,578,679 over the last three months. 10.80% of the stock is owned by company insiders.

Wall Street analysts predict growth

AMZN has been the subject of multiple analyst reports. Mizuho raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. Benchmark re-issued a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a report on Wednesday, May 1. UBS Group raised their price target on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1. Robert W. Baird raised their price target on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21. Finally, Piper Sandler raised their price objective on Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1. One equities research analyst rated the stock a “hold,” forty-three have rated it a “buy,” and one has given it a “strong buy” rating. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $215.86.

Read our latest AMZN analysis

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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