Winthrop Advisory Group LLC Sells 289 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Winthrop Advisory Group LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,539 shares of the e-commerce giant’s stock after selling 289 shares during the period. Amazon.com comprises 0.9% of Winthrop Advisory Group LLC’s portfolio, making the stock its 19th biggest holding. Winthrop Advisory Group LLC’s holdings in Amazon.com were worth $6,411,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC lifted its stake in Amazon.com by 21.1% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 174,048 shares of the e-commerce giant’s stock worth $22,125,000 after purchasing an additional 30,292 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Amazon.com by 8.9% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 236,796 shares of the e-commerce giant’s stock valued at $30,102,000 after acquiring an additional 19,269 shares during the last quarter. Fishman Jay A Ltd. MI raised its stake in shares of Amazon.com by 1.9% in the third quarter. Fishman Jay A Ltd. MI now owns 440,799 shares of the e-commerce giant’s stock valued at $56,034,000 after acquiring an additional 8,365 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of Amazon.com by 16.0% in the third quarter. Eagle Asset Management Inc. now owns 219,251 shares of the e-commerce giant’s stock valued at $27,871,000 after acquiring an additional 30,205 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC raised its stake in shares of Amazon.com by 0.6% in the third quarter. Jaffetilchin Investment Partners LLC now owns 105,873 shares of the e-commerce giant’s stock valued at $13,459,000 after acquiring an additional 675 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMZN. BMO Capital Markets lifted their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Benchmark reiterated a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Telsey Advisory Group lifted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Maxim Group lowered their price target on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, Moffett Nathanson reissued a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $215.86.

Get Our Latest Stock Report on AMZN

Amazon.com Stock Up 1.2 %

Amazon.com stock opened at $200.00 on Friday. The firm has a market capitalization of $2.08 trillion, a PE ratio of 56.02, a P/E/G ratio of 1.41 and a beta of 1.15. The company’s 50-day moving average is $185.99 and its 200-day moving average is $174.78. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $200.55. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. Insiders have sold 1,532,985 shares of company stock worth $305,578,679 in the last ninety days. Insiders own 10.80% of the company’s stock.

About Amazon.com

(Free Report)

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.

See Also

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

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