Successful Portfolios LLC Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Successful Portfolios LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 1.3% in the first quarter, according to its latest SEC filing. The institutional investor held 11,935 shares of the e-commerce giant after selling 152 shares during the period. Amazon.com makes up 1.5% of Successful Portfolios LLC’s investment portfolio, making the stock the 14th largest. Successful Portfolios LLC’s stake in Amazon.com was worth $2,153,000, according to its latest SEC filing.

A number of other institutional investors also added to or reduced their holdings in the stock. LVW Advisors LLC increased its holdings in Amazon.com by 8.4% in the first quarter. LVW Advisors LLC now owns 37,990 shares of the e-commerce giant’s stock worth $6,853,000 after purchasing an additional 2,935 shares in the last quarter. Koss Olinger Consulting LLC increased its holdings in Amazon.com by 31.5% in the first quarter. Koss Olinger Consulting LLC now owns 41,004 shares of the e-commerce giant’s stock worth $7,396,000 after purchasing an additional 9,829 shares in the last quarter. Breakwater Capital Group increased its holdings in Amazon.com by 0.4% in the first quarter. Breakwater Capital Group now owns 22,257 shares of the e-commerce giant’s stock worth $4,015,000 after purchasing an additional 87 shares in the last quarter. Optas LLC increased its holdings in Amazon.com by 1.3% in the first quarter. Optas LLC now owns 33,878 shares of the e-commerce giant’s stock worth $6,111,000 after purchasing an additional 443 shares in the last quarter. Finally, Clarity Wealth Advisors LLC increased its holdings in Amazon.com stock by 7.2% in the first quarter. Clarity Wealth Advisors LLC now owns 16,750 shares of the e-commerce giant’s stock worth $3,021,000 after purchasing an additional 1,131 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst ratings upgrades and downgrades

Several analysts have commented on AMZN shares. Truist Financial raised their price target for Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 1. Piper Sandler raised their price target for Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1. Stifel Nicolaus raised their price target for Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, May 1. Telsey Advisory Group raised the price target for Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 1. Finally, JMP Securities reiterated a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1. One research analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has given the company a “strong buy” rating. The stock currently has a consensus rating of “Buy” and a consensus price target of $215.86, according to data from MarketBeat.com.

Read our latest analysis on Amazon.com

Insider Buying and Selling on Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Wednesday, May 1. The shares were sold at an average price of $180.29, for a total transaction value of $631,015.00. Following the completion of the transaction, the CEO now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Wednesday, May 1. The shares were sold at an average price of $180.29, for a total transaction value of $631,015.00. Following the completion of the sale, the CEO now owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The transaction was disclosed in documents filed with the SEC, which can be accessed through the SEC website. Additionally, insider Jeffrey P. Bezos sold 1,463,437 shares of Amazon.com stock in a transaction on Tuesday, July 2. The shares were sold for an average price of $200.08, for a total value of $292,804,474.96. Following the completion of the sale, the insider now directly owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. Disclosure regarding this sale can be found here. Over the last 90 days, insiders have sold 1,532,985 shares of the company’s stock, valued at $305,578,679. 10.80% of the shares are held by persons having access to inside information.

Amazon.com shares up 1.2%

NASDAQ:AMZN stock opened at $200.00 on Monday. The stock has a 50-day simple moving average of $185.99 and a 200-day simple moving average of $174.94. The stock has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.02, a PEG ratio of 1.43, and a beta of 1.15. The Amazon.com, Inc. stock has a 12-month low of $118.35 and a 12-month high of $200.55. The company has a current liquidity ratio of 1.07, a current ratio of 0.87 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 (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 analysts’ expectations 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 quarter last year, the company earned $0.31 earnings per share. Research analysts, on average, predict that Amazon.com, Inc. will report earnings of 4.72 per share for the current fiscal year.

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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