Blume Capital Management Inc. owns $8.51 million in Amazon.com, Inc. (NASDAQ:AMZN)

Blume Capital Management Inc. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 1.2% in the first quarter, according to the company’s latest disclosure with the Securities & Exchange Commission. The firm owned 47,178 shares of the e-commerce giant after selling 575 shares during the period. Amazon.com makes up about 2.1% of Blume Capital Management Inc.’s investment portfolio, making the stock the 19th largest position. Blume Capital Management Inc.’s stake in Amazon.com was worth $8,510,000 at the end of the last reporting period.

Other major investors also recently changed their positions in the company. Ridgecrest Wealth Partners LLC increased its stake in 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 acquiring an additional 56 shares during the period. Stordahl Capital Management Inc. increased its position in Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after acquiring an additional 56 shares during the period. Echo45 Advisors LLC increased its position in Amazon.com by 0.9% in the first quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock worth $1,194,000 after purchasing an additional 59 shares during the period. ShoreHaven Wealth Partners LLC increased its stake in Amazon.com by 1.9% in the 4th 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. Finally, Boyd Wealth Management LLC increased its holdings in Amazon.com by 1.7% in the first quarter. Boyd Wealth Management LLC now owns 3,655 shares of the e-commerce giant’s stock worth $659,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com drops 0.3%

AMZN opened at $183.13 on Monday. Amazon.com, Inc. has a yearly low of $118.35 and a yearly high of $201.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a 50-day simple moving average of $187.59 and a two-hundred-day simple moving average of $177.79. The company has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 51.30, a PEG ratio of 1.31 and a beta of 1.15.

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 (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period last year, the company earned $0.31 earnings per share. The company’s revenue increased 12.5% ​​compared to the same quarter last year. Analysts are predicting that Amazon.com, Inc. will post 4.72 EPS for the current year.

Analyst ratings upgrades and downgrades

Several brokerage firms have recently issued reports on AMZN. Piper Sandler raised their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the company a “overweight” rating in a report on Wednesday, May 1. UBS Group raised their price objective for Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1. Citigroup raised their price objective for Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. Loop Capital raised their price objective for Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, May 6. 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 equities research analyst rated the stock a “hold,” forty-two rated the stock a “buy,” and one gave the company a “strong buy” rating. The stock has an average rating of “Buy” and a consensus price target of $218.82 based on data from MarketBeat.com.

Download our latest research report on Amazon.com

Insiders are betting

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated 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 sale, the CEO now owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The sale was disclosed in legal documents filed with the Securities & Exchange Commission and available on the SEC’s website. In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total transaction value of $489,753.00. Following the completion of the transaction, the VP now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this hyperlink . Additionally, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 1. The shares were sold for an average price of $180.29, for a total of $631,015.00. Following the sale, the CEO now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. Disclosure of this sale can be found here . Over the last ninety days, insiders have sold 6,112,990 shares of the company’s stock, valued at $1,222,250,048. Insiders currently 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.

read more

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