Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Eagle Wealth Strategies LLC

Eagle Wealth Strategies LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,478 shares of the e-commerce giant’s stock after selling 1,358 shares during the period. Amazon.com accounts for about 2.2% of Eagle Wealth Strategies LLC’s holdings, making the stock its 8th biggest holding. Eagle Wealth Strategies LLC’s holdings in Amazon.com were worth $3,516,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AMZN. Cable Hill Partners LLC raised its holdings in shares of Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after buying an additional 44 shares during the period. Quattro Financial Advisors LLC boosted its position in shares of 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 acquiring an additional 45 shares in the last quarter. Northern Capital Management Inc. boosted its position in shares of 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 purchasing an additional 45 shares during the period. White Wing Wealth Management boosted its position in shares of 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 purchasing an additional 47 shares during the period. Finally, Balanced Wealth Group LLC raised its stake in Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after acquiring an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 20,923 shares of the firm’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 SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the transaction, the chief executive officer now owns 517,050 shares in the company, valued at $105,984,909. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMZN shares. Westpark Capital restated a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Barclays reduced their target price on Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Rosenblatt Securities raised their price objective on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. BNP Paribas raised Amazon.com to a “hold” rating in a research report on Wednesday, April 30th. Finally, Piper Sandler reissued an “overweight” rating and issued a $212.00 price objective (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $245.53.

Amazon.com Trading Down 1.3%

Shares of NASDAQ:AMZN opened at $209.69 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market capitalization of $2.23 trillion, a PE ratio of 34.15, a PEG ratio of 1.61 and a beta of 1.33. The business has a 50 day moving average of $198.41 and a two-hundred day moving average of $209.31. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The business 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 24.14% and a net margin of 10.14%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 EPS. As a group, analysts forecast 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.