Bridgewealth Advisory Group LLC Sells 397 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bridgewealth Advisory Group LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 11.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,990 shares of the e-commerce giant’s stock after selling 397 shares during the quarter. Bridgewealth Advisory Group LLC’s holdings in Amazon.com were worth $539,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of AMZN. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 4th quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the period. Strid Group LLC purchased a new position in Amazon.com in the 4th quarter worth about $43,000. Harbor Investment Advisory LLC increased its stake in Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 1,988 shares during the period. Finally, Clarity Asset Management Inc. purchased a new position in Amazon.com in the 4th quarter worth about $46,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Roth Mkm reaffirmed a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a research note on Tuesday. Wedbush reissued an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Loop Capital raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, Oppenheimer raised their target price on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $216.30.

Read Our Latest Stock Analysis on Amazon.com

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $199.34 on Wednesday. The company’s fifty day moving average price is $186.84 and its 200 day moving average price is $175.58. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The company has a market capitalization of $2.07 trillion, a PE ratio of 55.84, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 9,490 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.41, for a total transaction of $1,721,580.90. Following the completion of the sale, the senior vice president now owns 64,210 shares of the company’s stock, valued at $11,648,336.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,847,094 shares of company stock worth $1,169,058,874. Company insiders own 10.80% of the company’s stock.

Amazon.com Company 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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