Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Roberts Wealth Advisors LLC

Roberts Wealth Advisors LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,953 shares of the e-commerce giant’s stock after selling 5,908 shares during the quarter. Amazon.com makes up about 3.7% of Roberts Wealth Advisors LLC’s holdings, making the stock its 6th largest position. Roberts Wealth Advisors LLC’s holdings in Amazon.com were worth $10,090,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. C M Bidwell & Associates Ltd. increased its position in Amazon.com by 10.9% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 6,522 shares of the e-commerce giant’s stock worth $829,000 after purchasing an additional 641 shares in the last quarter. Epoch Investment Partners Inc. increased its position in Amazon.com by 120.9% during the 3rd quarter. Epoch Investment Partners Inc. now owns 811,128 shares of the e-commerce giant’s stock worth $103,111,000 after purchasing an additional 443,969 shares in the last quarter. Peloton Wealth Strategists increased its position in Amazon.com by 8.6% during the 3rd quarter. Peloton Wealth Strategists now owns 38,385 shares of the e-commerce giant’s stock worth $4,880,000 after purchasing an additional 3,050 shares in the last quarter. Pegasus Partners Ltd. increased its position in Amazon.com by 15.5% during the 3rd quarter. Pegasus Partners Ltd. now owns 11,001 shares of the e-commerce giant’s stock worth $1,398,000 after purchasing an additional 1,480 shares in the last quarter. Finally, Paragon Private Wealth Management LLC increased its position in Amazon.com by 2.9% during the 3rd quarter. Paragon Private Wealth Management LLC now owns 17,501 shares of the e-commerce giant’s stock worth $2,225,000 after purchasing an additional 486 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on AMZN. Monness Crespi & Hardt lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Citigroup lifted their price objective on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Argus lifted their price target on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Bank of America lifted their price target on Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Roth Mkm restated a “buy” rating and issued a $210.00 price target (up previously from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $215.86.

View Our Latest Stock Report on AMZN

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $200.00 on Monday. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $200.55. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.02, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The business has a 50 day simple moving average of $185.99 and a 200-day simple moving average of $174.94.

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

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares in the company, valued at approximately $23,688,228. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $200.08, for a total transaction of $292,804,474.96. Following the completion of the transaction, the insider now directly owns 935,211,842 shares in the company, valued at approximately $187,117,185,347.36. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,532,985 shares of company stock worth $305,578,679. 10.80% of the stock is currently owned by insiders.

Amazon.com Profile

(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.

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

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