Tandem Investment Advisors Inc. owns $295,000 worth of Amazon.com, Inc. (NASDAQ:AMZN) shares

Tandem Investment Advisors Inc. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 33.6% in the first quarter, Holdings Channel.com reports. The company owned 1,635 shares of the e-commerce giant after selling 828 shares during the quarter. Tandem Investment Advisors Inc.’s stake in Amazon.com was worth $295,000, according to its latest SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their holdings in AMZN. Caprock Group LLC increased its stake in Amazon.com shares by 2.1% in the first quarter. Caprock Group LLC now owns 180,916 shares of the e-commerce giant’s stock worth $32,634,000 after purchasing an additional 3,771 shares in the last quarter. Navis Wealth Advisors LLC increased its stake in Amazon.com shares by 6.7% in the first quarter. Navis Wealth Advisors LLC now owns 4,168 shares of the e-commerce giant’s stock worth $752,000 after purchasing an additional 261 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC increased its stake in Amazon.com shares by 4.4% in the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 13,460 shares of the e-commerce giant’s stock worth $2,436,000 after purchasing an additional 572 shares in the last quarter. SkyOak Wealth LLC increased its stake in shares of Amazon.com by 1.5% in the first quarter. SkyOak Wealth LLC now owns 32,236 shares of the e-commerce giant’s stock worth $5,815,000 after purchasing an additional 488 shares in the last quarter. Finally, Madison Wealth Partners Inc increased its stake in shares of Amazon.com by 0.9% in the first quarter. Madison Wealth Partners Inc now owns 17,665 shares of the e-commerce giant’s stock worth $3,186,000 after purchasing an additional 153 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts set new price targets

Several equities analysts have recently commented on AMZN shares. Raymond James raised their price target on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong buy” rating in a research note on Wednesday, May 1. BMO Capital Markets raised their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1. Maxim Group lowered their price target on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday, May 1. Moffett Nathanson reaffirmed a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11. Finally, Evercore ISI raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, May 1. One investment analyst rated the stock a “hold,” forty-two rated it a “buy,” and one gave the stock a “strong buy” rating. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and an average price target of $217.38.

Read our latest research report on AMZN

Amazon.com Stock Performance

NASDAQ AMZN opened at $192.72 on Tuesday. The company’s 50 day average price is $187.71 and its 200 day average price is $176.77. The stock has a market capitalization of $2.01 trillion, a P/E ratio of 53.98, a PEG ratio of 1.39 and a beta of 1.15. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates 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 had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter last year, the company reported earnings per share of $0.31. The company’s revenue grew 12.5% ​​year-over-year. Equity analysts, on average, predict that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Buying and selling confidential information

In related 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 can be accessed through the SEC’s website . In related news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction on Monday, May 6. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the transaction, the Director now owns 4,760 shares of the company’s stock, valued at $886,407.20. The transaction was disclosed in a document filed with the SEC, which can be accessed at this link . Additionally, 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 transaction 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. Disclosure of this sale can be found here. Insiders have sold a total of 6,113,490 shares of the company’s stock valued at $1,222,340,738 over the last 90 days. Insiders own 10.80% of the stock.

Amazon.com Company 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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