Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Trimmed by Chronos Wealth Management LLC

Chronos Wealth Management LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,536 shares of the e-commerce giant’s stock after selling 444 shares during the quarter. Amazon.com accounts for 5.6% of Chronos Wealth Management LLC’s portfolio, making the stock its 7th largest position. Chronos Wealth Management LLC’s holdings in Amazon.com were worth $10,376,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AMZN. Momentous Wealth Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at about $749,000. Segall Bryant & Hamill LLC raised its holdings in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after purchasing an additional 39,696 shares during the period. Evergreen Capital Management LLC raised its holdings in Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after purchasing an additional 1,198 shares during the period. Bearing Point Capital LLC acquired a new position in Amazon.com in the 4th quarter worth about $12,014,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after purchasing an additional 2,196,353 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock valued at $20,531,075 in the last ninety days. Insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AMZN. Rosenblatt Securities upped their price target on Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Citizens Jmp reduced their target price on Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Benchmark reissued a “buy” rating and set a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft reduced their target price on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, UBS Group reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $244.89.

Amazon.com Stock Up 1.9%

AMZN opened at $216.10 on Tuesday. The business has a 50 day moving average price of $196.38 and a two-hundred day moving average price of $209.26. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.29 trillion, a PE ratio of 39.08, a P/E/G ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.