Clay Northam Wealth Management LLC Sells 135 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Clay Northam Wealth Management LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 53,001 shares of the e-commerce giant’s stock after selling 135 shares during the quarter. Amazon.com comprises about 7.2% of Clay Northam Wealth Management LLC’s portfolio, making the stock its 5th biggest position. Clay Northam Wealth Management LLC’s holdings in Amazon.com were worth $8,053,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Mayflower Financial Advisors LLC grew its position in Amazon.com by 0.3% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 572 shares during the last quarter. PayPay Securities Corp boosted its holdings in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. Laurel Wealth Planning LLC boosted its holdings in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $37,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com in the first quarter valued at about $38,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMZN has been the topic of several analyst reports. Royal Bank of Canada lifted their target price on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. The Goldman Sachs Group lifted their target price on shares of Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Amazon.com in a report on Wednesday, March 27th. Robert W. Baird boosted their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Needham & Company LLC increased their target price on shares of Amazon.com from $175.00 to $205.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $202.80.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,213,510 shares of company stock valued at $5,505,798,456. Company insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $181.28 on Thursday. The company has a market cap of $1.89 trillion, a P/E ratio of 62.51, a P/E/G ratio of 1.60 and a beta of 1.16. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The business has a fifty day simple moving average of $177.09 and a 200-day simple moving average of $156.36.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.