Evolution Wealth Advisors LLC Lowers Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Evolution Wealth Advisors LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,336 shares of the e-commerce giant’s stock after selling 338 shares during the quarter. Amazon.com makes up approximately 2.9% of Evolution Wealth Advisors LLC’s portfolio, making the stock its 10th biggest holding. Evolution Wealth Advisors LLC’s holdings in Amazon.com were worth $14,160,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of AMZN. Stuart Chaussee & Associates Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $27,000. Gibson Wealth Advisors LLC purchased a new position in Amazon.com in the 4th quarter valued at approximately $33,000. Leverty Financial Group LLC purchased a new position in Amazon.com in the 4th quarter valued at approximately $36,000. MBM Wealth Consultants LLC grew its stake in Amazon.com by 57.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after buying an additional 4 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. purchased a new position in Amazon.com in the 4th quarter valued at approximately $39,000. Institutional investors own 72.51% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 173 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were 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 in the company, valued at $12,991,458.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 173 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were 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 in the company, valued at $12,991,458.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 418 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $906,733.96. Following the sale, the senior vice president now owns 3,537 shares in the company, valued at approximately $7,672,531.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,803 shares of company stock worth $10,528,337. 12.70% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $134.95 on Monday. Amazon.com, Inc. has a 1 year low of $101.26 and a 1 year high of $188.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.71. The company’s 50-day moving average is $114.13 and its 200 day moving average is $134.90. The stock has a market capitalization of $1.37 trillion, a P/E ratio of 65.15, a P/E/G ratio of 4.38 and a beta of 1.25.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The business had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. Amazon.com’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 1.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent research reports. Raymond James reduced their price objective on shares of Amazon.com from $165.00 to $164.00 and set a “maintains” rating for the company in a research note on Friday. Robert W. Baird reduced their price objective on shares of Amazon.com from $200.00 to $187.50 in a research note on Friday, April 29th. Itaú Unibanco started coverage on shares of Amazon.com in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price objective for the company. Oppenheimer reduced their price target on shares of Amazon.com from $175.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, July 25th. Finally, BMO Capital Markets reduced their price target on shares of Amazon.com from $182.50 to $172.50 in a research report on Friday, April 29th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirty have given a buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $179.45.

Amazon.com 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.

See Also

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

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