RKL Wealth Management LLC Cuts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

RKL Wealth Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,551 shares of the e-commerce giant’s stock after selling 172 shares during the quarter. Amazon.com accounts for about 0.9% of RKL Wealth Management LLC’s portfolio, making the stock its 27th largest position. RKL Wealth Management LLC’s holdings in Amazon.com were worth $6,598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Fiduciary Planning LLC lifted its position in Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after purchasing an additional 5 shares during the period. HBC Financial Services PLLC lifted its position in Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares during the period. Meridian Investment Counsel Inc. lifted its position in Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares during the period. Alterna Wealth Management Inc. lifted its position in Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 5 shares during the period. Finally, Archetype Wealth Partners lifted its position in Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after purchasing an additional 6 shares during the period. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Stock Down 1.7 %

Shares of NASDAQ AMZN opened at $110.26 on Monday. The firm has a fifty day moving average of $101.42 and a 200-day moving average of $96.58. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $146.57. The stock has a market capitalization of $1.13 trillion, a PE ratio of 262.52, a P/E/G ratio of 3.73 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The firm had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. During the same period in the prior year, the company earned $0.21 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 1.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AMZN shares. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $135.00 to $145.00 in a research report on Friday, April 28th. Bank of America increased their target price on shares of Amazon.com from $135.00 to $139.00 in a report on Friday, April 28th. Rosenblatt Securities increased their target price on shares of Amazon.com from $106.00 to $111.00 in a report on Friday, April 28th. Piper Sandler increased their target price on shares of Amazon.com from $123.00 to $130.00 in a report on Friday, April 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Amazon.com from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, April 18th. Three research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.12.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 2,299 shares of the company’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the completion of the sale, the chief executive officer now directly owns 138,320 shares of the company’s stock, valued at approximately $13,879,028.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 2,299 shares of the company’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the completion of the sale, the chief executive officer now directly owns 138,320 shares of the company’s stock, valued at approximately $13,879,028.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The disclosure for this sale can be found here. In the last three months, insiders sold 74,133 shares of company stock valued at $7,233,467. Company insiders own 12.30% of the company’s stock.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.