Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Decreased by GFG Capital LLC

GFG Capital LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,666 shares of the e-commerce giant’s stock after selling 190 shares during the period. Amazon.com accounts for about 2.6% of GFG Capital LLC’s investment portfolio, making the stock its 15th largest position. GFG Capital LLC’s holdings in Amazon.com were worth $8,690,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Buttonwood Financial Advisors Inc. purchased a new stake in shares of Amazon.com during the 4th quarter worth about $1,024,000. International Assets Investment Management LLC raised its stake in shares of Amazon.com by 2.0% in the 4th quarter. International Assets Investment Management LLC now owns 5,382 shares of the e-commerce giant’s stock valued at $17,945,000 after acquiring an additional 105 shares in the last quarter. Allen Capital Group LLC raised its stake in shares of Amazon.com by 701.8% in the 4th quarter. Allen Capital Group LLC now owns 3,664 shares of the e-commerce giant’s stock valued at $12,217,000 after acquiring an additional 3,207 shares in the last quarter. Orgel Wealth Management LLC raised its stake in shares of Amazon.com by 43.5% in the 4th quarter. Orgel Wealth Management LLC now owns 264 shares of the e-commerce giant’s stock valued at $880,000 after acquiring an additional 80 shares in the last quarter. Finally, Baker Boyer National Bank bought a new position in shares of Amazon.com in the 4th quarter valued at approximately $3,004,000. 72.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent analyst reports. DA Davidson cut their price objective on Amazon.com from $195.00 to $156.25 in a research note on Friday, April 29th. TheStreet downgraded Amazon.com from a “b” rating to a “c+” rating in a research note on Thursday, April 28th. Needham & Company LLC cut their price objective on Amazon.com from $207.50 to $175.00 in a research note on Friday, April 29th. Piper Sandler cut their price objective on Amazon.com from $195.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, April 29th. Finally, JMP Securities lowered their target price on Amazon.com from $180.00 to $172.50 and set an “outperform” rating on the stock in a report on Wednesday, June 1st. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and thirty-eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $181.31.

Amazon.com Trading Down 1.8 %

Shares of AMZN opened at $122.42 on Friday. The stock has a fifty day moving average price of $112.81 and a two-hundred day moving average price of $136.51. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.96. Amazon.com, Inc. has a 52-week low of $101.26 and a 52-week high of $188.11. The company has a market cap of $1.25 trillion, a price-to-earnings ratio of 59.10, a PEG ratio of 4.25 and a beta of 1.25.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The e-commerce giant reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). The business had revenue of $116.44 billion during the quarter, compared to the consensus estimate of $116.52 billion. Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 EPS. Analysts predict that Amazon.com, Inc. will post 1.13 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 173 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the completion of the sale, the vice president now owns 5,989 shares in the company, valued at $12,991,458.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO David H. Clark sold 2,270 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the completion of the sale, the chief executive officer now owns 6,695 shares in the company, valued at $14,522,927.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 173 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $375,275.06. Following the sale, the vice president now owns 5,989 shares of the company’s stock, valued at approximately $12,991,458.58. The disclosure for this sale can be found here. Insiders sold a total of 4,803 shares of company stock worth $10,528,337 over the last 90 days. 12.70% of the stock is owned by insiders.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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