Impact Capital Partners LLC Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Impact Capital Partners LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,909 shares of the e-commerce giant’s stock after selling 570 shares during the period. Amazon.com comprises 1.7% of Impact Capital Partners LLC’s portfolio, making the stock its 8th biggest holding. Impact Capital Partners LLC’s holdings in Amazon.com were worth $4,739,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Cable Hill Partners LLC grew its stake in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after purchasing an additional 44 shares during the last quarter. Quattro Financial Advisors LLC lifted its holdings in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares in the last quarter. Northern Capital Management Inc. boosted its position in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after buying an additional 45 shares during the last quarter. White Wing Wealth Management boosted its position in Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after buying an additional 47 shares during the last quarter. Finally, Balanced Wealth Group LLC increased its stake in shares of Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after buying an additional 48 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of AMZN opened at $212.52 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market capitalization of $2.26 trillion, a P/E ratio of 34.61, a P/E/G ratio of 1.61 and a beta of 1.33. The company has a 50 day moving average of $197.91 and a 200-day moving average of $209.34.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the business earned $0.98 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total transaction of $476,675.00. Following the completion of the transaction, the chief executive officer now directly owns 506,974 shares of the company’s stock, valued at $96,664,732.58. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 in the last quarter. Corporate insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Cantor Fitzgerald upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Rosenblatt Securities raised their target price on shares of Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Scotiabank dropped their price target on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a research note on Monday, April 21st. Finally, Oppenheimer cut their price objective on shares of Amazon.com from $260.00 to $220.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus 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.