McNaughton Wealth Management LLC Lowers Stake in Amazon.com, Inc. (NASDAQ:AMZN)

McNaughton Wealth Management LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,936 shares of the e-commerce giant’s stock after selling 90 shares during the quarter. McNaughton Wealth Management LLC’s holdings in Amazon.com were worth $1,320,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the 4th quarter worth approximately $27,000. Accordant Advisory Group Inc lifted its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. LSV Asset Management purchased a new position in Amazon.com in the 4th quarter worth approximately $35,000. Perritt Capital Management Inc lifted its stake in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new position in Amazon.com in the 4th quarter worth approximately $51,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $212.10 on Friday. The company has a 50-day simple moving average of $195.47 and a 200-day simple moving average of $209.16. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a market capitalization of $2.25 trillion, a price-to-earnings ratio of 38.35, a PEG ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $204.98, for a total transaction of $512,450.00. Following the transaction, the chief executive officer now owns 517,050 shares in the company, valued at $105,984,909. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 over the last ninety days. Corporate insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMZN shares. Needham & Company LLC reissued a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Wells Fargo & Company decreased their target price on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Rosenblatt Securities raised their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. JMP Securities reaffirmed a “market outperform” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Finally, Evercore ISI reduced their price target on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $244.89.

Amazon.com Company 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.